# This weeks market movers: Grain market daily | AHDB

> UK May-23 feed wheat futures closed at £241.00/t, down £5 on the day, and Paris rapeseed fell to €592.50/t. Global wheat fell on heavy Russian export competition and mixed US crop conditions, while insurance rates for Russian shipping rose sharply.

- Date: 2023-01-05 · published 2023-01-05T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/12191-this-weeks-market-movers-grain-market-daily-ahdb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Abundant Russian wheat supply is pressuring global wheat prices, and higher shipping insurance could constrain Russian export flows. Feed wheat and rapeseed meal costs are under downward pressure for now.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-03-06 | [What’s driving global wheat markets? Grain market daily \| AHDB](https://feedsoft.ai/events/12566-what-s-driving-global-wheat-markets-grain-market-daily-ahdb.md) | -0.0% | +2.9% |
| WHEAT | 2019-10-23 | [Why aren't UK wheat futures following US trends? Grain Market Daily \| AHDB](https://feedsoft.ai/events/56604-why-aren-t-uk-wheat-futures-following-us-trends-grain-market-daily-ahdb.md) | -0.4% | +5.9% |
| WHEAT | 2021-05-11 | [Daily Market Wire 11 May 2021 - Grain Central](https://feedsoft.ai/events/7465-daily-market-wire-11-may-2021-grain-central.md) | -1.1% | -4.4% |
| WHEAT | 2020-12-09 | [What will happen to Australian barley exports? Grain Market Daily \| AHDB](https://feedsoft.ai/events/49705-what-will-happen-to-australian-barley-exports-grain-market-daily-ahdb.md) | -1.1% | +4.5% |
| WHEAT | 2016-10-23 | [Daily market wire 24 Oct 2016 - Grain Central](https://feedsoft.ai/events/10543-daily-market-wire-24-oct-2016-grain-central.md) | -2.0% | -0.5% |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/this-weeks-market-movers-grain-market-daily

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.