# Even lower rapeseed prices next season? Grain market daily | AHDB

> UK feed wheat and Paris rapeseed futures rose on May 15 after lower-than-expected US 2023/24 wheat production, but doubts persisted over renewal of the Black Sea Initiative due to expire that Thursday. Rapeseed prices are approaching levels last seen in the 2020/21 marketing year, down sharply from April 2022 peaks.

- Date: 2023-05-16 · published 2023-05-16T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/36057-even-lower-rapeseed-prices-next-season-grain-market-daily-ahdb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Doubts over the Black Sea deal raise the risk of disrupted Ukrainian grain flows, which supports feed wheat prices, while lower rapeseed prices make meal cheaper.

## Read by commodity

- WHEAT: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-01-25 | [Frost risk remains for Black Sea crops: Grain market daily \| AHDB](https://feedsoft.ai/events/43080-frost-risk-remains-for-black-sea-crops-grain-market-daily-ahdb.md) | -2.1% | -0.8% |
| WHEAT | 2024-11-27 | [How much Black Sea wheat is at risk of disruption? Grain market daily  \| AHDB](https://feedsoft.ai/events/14251-how-much-black-sea-wheat-is-at-risk-of-disruption-grain-market-daily-ahdb.md) | -0.1% | +2.1% |
| WHEAT | 2023-02-15 | [Black Sea Initiative to keep markets volatile short term: Grain market daily \| AHDB](https://feedsoft.ai/events/37226-black-sea-initiative-to-keep-markets-volatile-short-term-grain-market-daily-ahdb.md) | -1.4% | -7.1% |
| WHEAT | 2022-10-30 | [Grain market braces for price flurry as Black Sea corridor in doubt](https://feedsoft.ai/events/39027-grain-market-braces-for-price-flurry-as-black-sea-corridor-in-doubt.md) | -5.6% | +2.4% |
| WHEAT | 2019-09-17 | [Daily Market Wire 17 September 2019 - Grain Central](https://feedsoft.ai/events/9891-daily-market-wire-17-september-2019-grain-central.md) | +2.4% | +2.8% |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/even-lower-rapeseed-prices-next-season-grain-market-daily

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