{"id":67711,"date":"2025-05-02T06:34:09","date_gmt":"2025-05-02T06:34:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/67711\/"},"modified":"2025-05-02T06:34:09","modified_gmt":"2025-05-02T06:34:09","slug":"new-contract-lows-as-weather-again-weighs-on-markets","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/67711\/","title":{"rendered":"New contract lows as weather again weighs on markets"},"content":{"rendered":"<p>Improving weather has again weighed on markets as we move into May.<\/p>\n<p>The latest <a href=\"https:\/\/ahdb.org.uk\/cereals-oilseeds-markets\" target=\"_blank\" rel=\"noopener\">AHDB Grain Market Report <\/a>shows UK feed wheat futures (May-25)\u00a0slipping to \u00a3161.65\/t. The Nov-25 contract also lost over the week to \u00a3183.00\/t.<\/p>\n<p>Chicago, Kansas and Paris all set new contract lows following the latest <a href=\"https:\/\/www.usda.gov\/\" target=\"_blank\" rel=\"noopener\">USDA<\/a> report showing an improvement in US winter wheat conditions. 49% was now in good or excellent condition. This is up from 45% the previous week and also above trade expectations of 47% according to a poll by Reuters.<\/p>\n<p>Strong spring planting progress has also added pressure. As of 27 April, planting of spring wheat, maize and soyabeans was ahead of the norm.<\/p>\n<p>US farmers plan to increase their maize areas by 5% in 2025 to the highest level in 12 years. This increase is a key part of why the International Grains Council is forecasting a global grain surplus, albeit small, in 2025\/26.<\/p>\n<p>Improving weather elsewhere has also brought pressure. Crop conditions across Europe and the Black Sea region are more favourable after recent rainfall in some areas.<\/p>\n<p>The continuing slide in grain prices isn\u2019t all down to the weather. Currency movements have impacted export competitiveness.<\/p>\n<p>Rapeseed followed suit. Nov-25 Paris rapeseed futures stand at \u20ac466.75\/t, down considerably over the week. Again, improving weather and crop conditions were a factor, LSEG revising its EU-27+UK rapeseed production estimate for 2025 from 1.8% to 20.2 Mt.<\/p>\n<p>&#13;<br \/>\n<b>Receive FREE Weekly E-Newsletters direct to your inbox!<\/b><br \/>&#13;<br \/>\n<b>Enter your email address here:<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"Improving weather has again weighed on markets as we move into May. The latest AHDB Grain Market Report&hellip;\n","protected":false},"author":2,"featured_media":67712,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[51,26447,26448,3368,2441,26449,16678,26450,34234,1882,16,15],"class_list":{"0":"post-67711","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-grain","10":"tag-maize","11":"tag-marketing","12":"tag-markets","13":"tag-oilseeds","14":"tag-prices","15":"tag-rapeseed","16":"tag-spot","17":"tag-trading","18":"tag-uk","19":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114436850687263227","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/67711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=67711"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/67711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/67712"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=67711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=67711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=67711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}