# European winter crops faring well despite dryness concerns: Grain market daily | AHDB

> UK feed wheat futures for May 2023 closed at £204.50/t, down £5.00, and rapeseed futures also fell after the Black Sea grain export deal was extended for at least 60 days. The European Commission's March crop monitoring report showed most European winter cereals in fair to good condition despite dry conditions in some regions.

- Date: 2023-03-21 · published 2023-03-21T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/36792-european-winter-crops-faring-well-despite-dryness-concerns-grain-market-daily
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Extension of the Black Sea deal removes a supply risk and, together with decent European crop conditions, weighs on wheat and rapeseed prices; dryness in certain regions is the main upside risk.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/european-winter-crops-faring-well-grain-market-daily

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