Vol 13 Issue 22 Tuesday 27 Nov 2018 The Market Data publication provides a snapshot of the latest key market information. Complete historical data sets are available from the Market Data Centre on the Cereals & Oilseeds here. Table of Contents Market Prices Corn Returns (Ex Farm Prices) UK Delivered Prices UK Imported Prices UK Exported Prices UK Feed Ingredient Prices EU Delivered Prices International Grain Prices Futures Prices Page 2 Page 3-4 Page 5 Page 5 Page 6 Page 7 Page 8 Page 9 Thursday 22 Nov 2018 Thursday 22 Nov 2018 Monday 26 Nov 2018 Tuesday 27 Nov 2018 Friday 23 Nov 2018 Thursday 22 Nov 2018 Friday 23 Nov 2018 Friday 23 Nov 2018 This publication and its content is produced by the AHDB Market Intelligence team whose systems are certificated to ISO 9001:2015. While the Agriculture and Horticulture Development Board seeks to ensure that the information contained within this document is accurate at the time of printing, no warranty is given in respect thereof and, to the maximum extent permitted by law, the Agriculture and Horticulture Development Board accepts no liability for loss, damage or injury howsoever caused (including that caused by negligence) or suffered directly or indirectly in relation to information and opinions contained in or omitted from this document. Agriculture and Horticulture Development Board 2018. All rights reserved. AHDB Cereals & Oilseeds, Stoneleigh Park, Kenilworth, CV8 2TL, UK T +44 (0) 247 647 8732, F +44 (0) 247 647 8904 cereals.mi@ahdb.org.uk www.ahdb.org.uk
Weekly Corn Returns Ex-Farm Prices These prices are collected weekly under the 1882 Corn Returns Act (as amended). The prices are weekly averages from Friday to Thursday weighted by the volumes traded, both UK wide and for a variety of regions. They give an indication of ex-farm values but coverage depends on tonnages traded. For the week ending: Thursday 22 November 2018 November Delivery per tonne Wheat Barley Oats Milling Feed & Malting Feed & Bread Other Other Premium Other Other Milling Feed South East - - South West - - Midlands 176.90 167.70 164.70 - - Eastern - 168.30 163.10 - - 163.00 - - North East - - 167.10 - - 164.80 - - North West - - England & Wales 174.20 167.30 164.00-188.80 163.10 - - South Scotland - - Central Scotland - - North Scotland - - Scotland - - Great Britain 174.20 167.30 164.00-188.80 163.10 - - Northern Ireland - - United Kingdom 174.20 167.30 164.00-188.80 163.10 - - Change on last week ( / t) +1.80-0.80 +0.60 - unch +0.50 - - Tonnages Tonnages reported in fixed price and other purchases (open price and delivered) contracts made. tonnes Wheat Barley Oats Total Milling Feed Malting Feed Ex-Farm Fixed Price Bread Other Premium Other Milling Feed November 1,175 2,688 7,895 263 964 3,422 107 124 16,639 December 4,087 5,704 15,418 426 949 3,191 162 0 29,937 January 928 1,576 4,063 0 0 1,740 0 0 8,307 February 609 674 2,209 0 0 377 0 0 3,869 March and After 2,871 1,131 15,231 957 0 1,363 0 0 21,553 Other Purchases 12,731 2,343 31,742 2,795 6,737 5,846 3,771 0 65,965 Total 22,401 14,116 76,558 4,441 8,650 15,939 4,040 124 146,270 NOTE: UK "premium malting barley" includes both winter and spring varieties, therefore the averages reported are not representative of either grade. Also, the proportion of winter and spring varieties varies from week to week and between delivery periods. Published prices may include both old and new season trade. Please note that "0" value denotes either where no tonnage has been submitted or through validation has been removed
UK Delivered Prices Average UK delivered prices to a range of regions. Prices collected weekly as at Thursday s close. Summary Thursday 22 November 2018 per tonne Month/s of Bread Wheat Feed Wheat Feed Barley Oilseed Rape Location Delivery Price Change Price Change Price Change Price Change E.Ang feed / Lond'n and Essex bread Nov-2018 - - 170.50 +1.00 - Dec-2018 - - 171.00 +0.50 - - 331.00-4.50 Feb-2019 - - 173.50 +1.00 - - 333.00-5.00 May-2019 - - 176.50 +1.00 - Northamptonshire Nov-2018 182.50 +0.50 Dec-2018 183.50 +0.50 172.50 unch - Feb-2019 185.00 unch May-2019 188.00 +0.50 North-West grains / L'pool OSR Nov-2018 - - Dec-2018 192.00 +0.50-333.50-4.00 Feb-2019 194.50 +1.00-335.50-4.50 May-2019 - - Avonmouth feed / South bread Nov-2018 - - 172.00 +0.50 - Dec-2018 - - 173.00 +0.50 171.50-0.50 - - Feb-2019 - - 175.00 +0.50 174.50 +1.00 - - May-2019 - - 178.00 +0.50 - Yorkshire Nov-2018 - - 174.50 unch - Dec-2018 - - 176.00 +0.50 - - 329.50-4.00 Feb-2019 - - 178.50 +1.00 - - 331.50-4.50 May-2019 - - 181.50 +0.50 - Central Scotland Nov-2018 - - Dec-2018 - - 1. Feed Wheat Avonrange 172.00 173.00 175.00 178.00 160.00 Central Scotland - - East Anglia 170.50 171.00 173.50 176.50 159.50 East Devon - 174.50 Lancashire - - London - - North Humberside 174.50 176.00 178.50 181.50 - Northamptonshire - 172.50 Oxfordshire - 172.00 174.00 177.50 - South Humberside - - Southampton - - Tyne & Wear - - West Midlands - 176.00 East Midlands - - 2. Full Specification Bread Wheat North-West - 192.00 194.50 - - Northamptonshire 182.50 183.50 185.00 188.00 - South - - London / Essex - - Yorkshire - - 3. Full Specification Biscuit Wheat North-West - - Northamptonshire - - 180.50 - - South - - London / Essex - - Yorkshire - - Scotland - - Legend Grain & Market Centre Quality / Market Outlet Variety Nabim Group Meeting Min Specification of : 1. Feed Wheat any - <15% Moist, 72 Kg/hl, 2% Admix 2. Full Specification Bread Wheat - 1 only >250 Hag, >13% Prot, >76Kg/hl 3. Full Specification Biscuit Wheat - 3 only >180 Hag, >10.7% Prot, >74Kg/hl
UK Delivered Barley Prices Thursday 22 November 2018 Grain & Market Centre 6. Feed Barley Aberdeen - - Avonrange - 171.50 174.50 - - Central Scotland - - Cheshire/North Wales - - Devon - 175.50 East Anglia - - London - - Midlands - - North Humberside - - Northamptonshire - - Shropshire - - South Humberside - - Southampton - - Tyne & Wear - - 7. Domestic Brewing Barley South Humberside - - Central Scotland - - East Anglia - - Edinburgh - - Midlands - - North Scotland - - South Yorkshire - - 8. Distilling Grade Barley Nov-2018 Dec-2018 Feb-2019 May-2019 Nov-2018 Borders - - Central Scotland - - NE Scotland - - West Scotland - - 9. Max 1.85% - Spring Barley Avonrange - - Burton on Trent - - Central Scotland - - East Anglia - - Humber - - London - - South Coast - - Tyneside - - Legend Quality / Market Outlet Variety Nabim Group Meeting Min Specification of : 6. Feed Barley 7. Domestic Brewing Grade Barley Any Venture and Craft - - <15% Moist, 63 Kg/hl, 2% Admix <15% Moisture, <1.75%N2 AND <4% Screen (through 2.25mm) 8. Distilling Grade Barley Laureate & Concerto - <17% Moisture, <1.65%N2 AND >90% Screen (retained 2.5mm) 9. Max 1.85% - Spring Barley Propino & - <15% Moisture, <1.85%N2 AND Planet >90% Screen (retained 2.5mm) UK Delivered Oilseed Rape Prices Friday 23 November 2018 Grain & Market Centre 10. Oilseed Rape Dec-2018 Feb-2019 - - East Anglia / London 331.00 333.00 - - Erith 333.50 335.50 - - Liverpool 333.50 335.50 - - Hull / Selby 329.50 331.50 - - Scottish Ports -
Imported Grain Prices Monday 26 November 2018 Source & Grain Type Price Change Month/s of Basis /tonne on previous Shipment Member States' Grain Any Origin Maize 155.00 +1.00 Dec UK Optional Ports (Ciffo) 155.00 +1.00 Jan " " " " " " " " French Maize " " " " " " " " " " " " French Wheat - 10.75% 202.00 n/c Dec " " " " 250 Hagberg 203.00 n/c Jan " " " " 204.00 n/c Feb " " " " German Wheat - A (13%) 204.00 n/c Dec " " " " 250 Hagberg 205.00 n/c Jan " " " " 206.00 n/c Feb " " " " - E (14%) 216.00 n/c Dec " " " " 250 Hagberg 217.00 n/c Jan " " " " 218.00 n/c Feb " " " " EU Feed Wheat " " " " " " " " EU Feed Barley 195.00 +1.00 Dec " " " " 195.00 unch Jan " " " " UK Export Prices * These prices show the cost of importing grain into the UK. The prices are to optional UK ports and include freight and freight operators costs. Against UK prices they give an indication of the UK s competitiveness. The prices are quoted as Free on Board or FOB meaning these are representative prices including the cost of loading the specified size of boat at an East Coast port. Tuesday 27 November 2018 Grain Month(s) of Price 1 Change on Basis Loading /tonne Previous Feed Wheat Milling Wheat Feed Barley *Please note that AHDB are unable to publish UK Export (FOB) prices this week due to insufficient quotes to calculate the published averages. NOTE: 1 Representative values.
UK Feed Ingredient Prices In the UK, animal feed demand equates to approximately 45-50% of total wheat usage and 60-65% of barley usage. The price of other ration components can impact the price of and demand for compound feeds, thus impacting the potential cereals feed demand and prices. Friday 23 November 2018 43427 Feed Ingredient Price Change on Month of Basis /tonne week ( /t) Delivery Protein Meals & Cakes Soyameal - Home Prod (Hi - Pro) Ex-mill Liverpool FEMAS standard " " " " Hi - Pro Soyameal 299.00 n/c Nov Ex-Store East Coast 299.00 n/c Dec " " 300.00 n/c Jan " " " " " " Soyameal - Brazilian (48%) 320.00 unch Nov Ex-store Liverpool 320.00 unch Dec " " 320.00-1.00 Jan " " " " Rapemeal - 34% 213.00-1.00 Nov Ex-mill Erith 211.00-1.00 Dec " " 211.00-1.00 Jan " " " " " " Sunflowermeal - EU Ex-store Humber " " " " Sunflowermeal - Argentine 32% 217.00 n/c Nov Ex-store Liverpool 216.00 n/c Dec " " 216.00 n/c Jan " " Sunflowermeal - Argentine 38/40% Ex-store Liverpool " " Other Feed Ingredients Maize Gluten Feed 194.00 n/c Nov Ex-store Liverpool 194.00 n/c Dec " " 194.00 n/c Jan " " Pelleted Wheat Feed 157.00 +2.00 Jan Ex-store Midlands and Southern Mills " " Citrus Pulp Ex-store Liverpool " " " " Sugar beet pulp - molassed Ex-store Scotland " " Sugar beet pulp - unmolassed Ex-store Scotland Field Peas Delivered East Coast " " " "
EU Delivered Prices Thursday 22 November 2018 Both the EU delivered and International prices, give an indication of how competitive UK prices are in a European and International context. If the UK is more competitive than other origins, there is greater potential for UK exports with the opposite true if the UK is less competitive. Country, Grain & Market Month Price Change Country, Grain & Market Month Price Change Centre ( /tonne) ( /tonne) Centre ( /tonne) ( /tonne) Milling Wheat Malting Barley France Rouen France Creil a (min 76 kg/hl Irina (spring) 220 Hagberg) (max 11.5 - Planet (spring) La Pallice 12% protein) Etincel (winter) Germany Hamburg Nov 201.00-4.00 Sebastian (spring) Dresden Poland - Nov 200.00 +0.90 Germany Stuttgart Feed Wheat Mannheim UK East Anglia Nov 192.40 +0.60 Feed Barley Dec 193.00 +0.10 UK East Anglia Feb 195.80 +0.60 Germany Hamburg Dresden France Rouen Netherlands Rotterdam a Nov 212.00 n/c Rapeseed France FOB Moselle La Pallice Rouen Germany Hamburg Nov 370.00-11.00 Maize Nantes France Bordeaux/Bayonne Germany Hamburg Nov 203.00-2.00 La Pallice Hannover Dresden Nantes Munchen Netherlands Rotterdam a Nov 219.50 n/c Germany Dresden Sunflowerseed Munchen France Bordeaux Hamburg Bread Rye Netherlands Rotterdam a Nov 176.00 n/c Germany Hamburg Nov 202.00-5.50 Poland Nov 170.90-5.00 a = CIF, ECB, AMI, Sparks, RVO Converted at Thursday's exchange rates: / 1.12867 / 0.88600 /PLN 4.30040
International Grain Prices Friday 23 November 2018 Price Price Change on Month Grain $/tonne /tonne Previous $/tonne of Shipment Basis Premium Milling Wheats Canadian No.1 CWRS 13.5% 270.15 210.56 +0.73 Dec Fob St Lawrence Australian Prime Hard 14% - Fob Eastern States US Dark Northern Spring 13.5% - Fob Portland Good Milling Wheats US Hard Red Winter (HRW) 11.5% - Fob US Gulf Australian Hard 11.5% - Fob Eastern States Australian Standard White - Fob Eastern States Other Wheats US Soft Red Winter (SRW) No.2 - Fob US Gulf Argentine - Fob French, unsubsidised 234.40 182.70 +2.40 Nov Fob Rouen UK feed, unsubsidised - Fob East Coast Russian, soft milling 222.50 173.40 +2.00 Nov Fob Black Sea (Novorossiysk) Russian, soft milling 191.00 148.90 +1.00 Nov Fob Black Sea (Rostov) Ukrainian, Soft Milling, Class 3 222.50 173.40 +0.50 Nov Fob Black Sea Russian, feed - Fob Black Sea Barley French, unsubsidised 234.40 182.70-0.50 Nov Fob Rouen UK, unsubsidised - Fob East Coast Canadian 137.90 107.50 unch Nov Fob Thunderbay US - Fob PNW Russian, feed 240.50 187.50 +0.50 Nov Fob Black Sea (Novorossiysk) Maize US No.3 Yellow Corn 167.00 130.20 unch Dec Fob US Gulf Argentine 163.00 127.00 n/c Dec Fob Up River Oats US Pacific 2 Oats 217.30 169.40 n/c Dec Cif Portland Finnish White 141.10 110.00-0.60 Nov Fob Finland Malting Barley French, Esterel - Fob Creil Danish - Fob Oilseeds US Soyabeans 331.00 258.00 unch Dec Fob US Gulf Argentine Soyabeans - Fob Up River Brazilian Soyabeans 385.00 300.10 n/c Dec Fob Paranagua Canadian Canola No.1 - In-store Thunder Bay Source: ECB, Reuters, Agflow, UKRAgro Converted at Friday's exchange rates: /US$ 1.2830 /CAD$ 1.6974 / 1.1302
International Futures Prices Friday 23 November 2018 CBOT Wheat LIFFE Wheat MATIF Wheat Soft Red Winter Price Change on Last Price Change on Last Price Change on Last /tonne /tonne /tonne /tonne /tonne $/tonne $/tonne /tonne Nov-18 168.00 0.15 Dec-18 199.25-0.50-0.44 Dec-18 183.61-2.57-2.00 Jan-19 169.50-0.25 Mar-19 202.50-0.50-0.44 Mar-19 186.36-2.94-2.29 Mar-19 171.85 0.20 May-19 204.00 unch unch May-19 188.48-3.40-2.65 May-19 174.00 0.70 Sep-19 187.00-0.25-0.22 Jul-19 191.14-3.86-3.01 Jul-19 174.70 0.95 Dec-19 189.00-0.50-0.44 Sep-19 195.09-3.77-2.94 Nov-19 157.75 1.65 Mar-20 191.25 unch unch Dec-19 200.32-3.86-3.01 Jan-20 159.80 1.70 May-20 192.75 unch unch Mar-20 204.55-3.95-3.08 MATIF Rapeseed MATIF Maize CBOT Soybeans Price Change on Last Price Change on Last Price Change on Last /tonne /tonne /tonne /tonne /tonne /tonne $/tonne $/tonne /tonne Feb-19 370.00-3.00-2.65 Jan-19 174.00-0.75-0.66 Jan-19 323.68-4.13-3.22 May-19 372.50-3.00-2.65 Mar-19 176.50-0.75-0.66 Mar-19 328.73-4.04-3.15 Aug-19 369.00-0.50-0.44 Jun-19 180.00 0.25 0.22 May-19 333.60-3.95-3.08 Nov-19 372.00-0.50-0.44 Aug-19 184.00 0.25 0.22 Jul-19 338.10-3.77-2.94 Feb-20 373.00-1.00-0.88 Nov-19 173.00-2.50-2.21 Aug-19 339.85-3.58-2.79 May-20 371.50-1.00-0.88 Jan-20 167.50-5.50-4.87 Sep-19 340.21-3.03-2.36 Aug-20 364.75-1.00-0.88 Mar-20 171.00-6.25-5.53 Nov-19 341.96-2.39-1.86 Kansas Wheat Minneapolis Wheat Hard Red Winter CBOT Maize Dark Northern Spring Price Change on Last Price Change on Last Price Change on Last $/tonne $/tonne /tonne $/tonne $/tonne /tonne $/tonne $/tonne /tonne Dec-18 169.46-7.90-6.16 Dec-18 141.34-2.26-1.76 Dec-18 210.96 1.10 0.86 Mar-19 178.56-7.53-5.87 Mar-19 145.87-2.07-1.61 Mar-19 209.86-0.81-0.63 May-19 183.15-7.26-5.66 May-19 148.92-2.07-1.61 May-19 211.77-1.32-1.03 Jul-19 187.74-6.71-5.23 Jul-19 151.77-1.77-1.38 Jul-19 214.64-1.47-1.15 Sep-19 192.70-7.07-5.51 Sep-19 153.15-1.18-0.92 Sep-19 217.72-1.69-1.32 Dec-19 199.77-7.26-5.66 Dec-19 155.61-1.08-0.84 Dec-19 223.16-1.18-0.92 Mar-20 204.64-7.07-5.51 Mar-20 159.35-0.98-0.77 Mar-20 226.76-1.54-1.20 CBOT Soybean Meal CBOT Soybean Oil Kuala Lumpur Palm Oil Price Change on Last Price Change on Last Price Change on Last $/tonne $/tonne /tonne $/tonne $/tonne /tonne $/tonne $/tonne /tonne Dec-18 336.99-5.62-4.38 Dec-18 609.57 6.17 4.81 Dec-18 444.69 21.69 16.90 Jan-19 339.42-5.51-4.29 Jan-19 613.98 6.17 4.81 Jan-19 471.38 20.49 15.97 Mar-19 342.06-5.29-4.12 Mar-19 619.27 5.07 3.95 Feb-19 487.11 17.16 13.37 May-19 345.48-4.74-3.69 May-19 625.45 4.41 3.44 Mar-19 502.60 15.73 12.26 Jul-19 349.00-4.30-3.35 Jul-19 631.84 4.41 3.44 Apr-19 515.70 15.25 11.89 Aug-19 350.66-4.08-3.18 Aug-19 634.92 3.97 3.09 May-19 522.85 13.58 10.59 Sep-19 351.76-3.86-3.01 Sep-19 638.01 3.97 3.09 Jun-19 524.76 11.92 9.29 Winnipeg (ICE) Canola NYM Crude Oil Price Change on Last Price Change on Last CAD/tonne CAD/tonne /tonne $/barrel $/barrel /barrel Jan-19 476.10-0.80-0.47 Jan-19 50.42-6.26-4.88 Mar-19 484.60-0.20-0.12 Feb-19 50.59-6.29-4.90 May-19 493.00 0.60 0.35 Mar-19 50.76-6.31-4.92 Jul-19 498.80 0.90 0.53 Apr-19 50.91-6.34-4.94 Nov-19 495.20-1.80-1.06 May-19 51.06-6.37-4.96 Jan-20 499.00-1.70-1.00 Jun-19 51.17-6.41-5.00 Mar-20 501.10-1.60-0.94 Jul-19 51.26-6.41-5.00 Source: ECB, ICE, EURONEXT, CME, MGEX, BM&F Bovespa, ASX, Bursa Malaysia, MRCI, DCE Converted at Friday's exchange rates: /US$ 1.2830 /CAD$ 1.6974 / 1.1302