# High new-crop UK wheat prices, what can be done? Grain Market Daily | AHDB

> UK and European wheat prices fell on profit taking, with the Nov-21 contract dropping to £184.25/t from a life-of-contract high of £195. The EU Commission cut its 2021/22 EU-27 wheat production forecast to 124.8Mt and lowered ending stocks to 11.4Mt.

- Date: 2021-04-30 · published 2021-04-30T12:00:00.000Z
- Category: report · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/7703-high-new-crop-uk-wheat-prices-what-can-be-done-grain-market-daily-ahdb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A smaller EU crop estimate and lower ending stocks support European wheat values, while a bumper Romanian crop limits the rally. Brent crude rose to six-week highs, which adds some energy-driven support to feed costs.

## Read by commodity

- BRENT: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-06-28 | [Canadian wheat and barley areas fall: Grain market daily \| AHDB](https://feedsoft.ai/events/29833-canadian-wheat-and-barley-areas-fall-grain-market-daily-ahdb.md) | -2.2% | +3.1% |
| WHEAT | 2025-01-31 | [What are the prospects for UK wheat exports this year? Grain market daily \| AHDB](https://feedsoft.ai/events/26546-what-are-the-prospects-for-uk-wheat-exports-this-year-grain-market-daily-ahdb.md) | +0.2% | -0.1% |
| WHEAT | 2021-10-01 | [UK harvest reviewed as US stock reports pushes global wheat higher: Grain market daily \| AHDB](https://feedsoft.ai/events/11319-uk-harvest-reviewed-as-us-stock-reports-pushes-global-wheat-higher-grain-market.md) | +5.1% | +8.6% |
| WHEAT | 2024-07-02 | [Canadian wheat and barley areas fall: Grain market daily](https://feedsoft.ai/events/29320-canadian-wheat-and-barley-areas-fall-grain-market-daily.md) | +8.9% | +0.6% |
| WHEAT | 2022-06-14 | [UK grain trade, domestic wheat balance easing but barley tight: Grain market daily \| AHDB](https://feedsoft.ai/events/41006-uk-grain-trade-domestic-wheat-balance-easing-but-barley-tight-grain-market.md) | -1.6% | -13.3% |
| BRENT | 2019-01-18 | [OPEC cuts crude production for market re-balancing – National Daily Newspaper](https://feedsoft.ai/events/61001-opec-cuts-crude-production-for-market-re-balancing-national-daily-newspaper.md) | +1.0% | +6.2% |
| BRENT | 2024-03-25 | [EIA sharply raises 2026-2027 diesel price forecast \| Latest Market News](https://feedsoft.ai/events/31383-eia-sharply-raises-2026-2027-diesel-price-forecast-latest-market-news.md) | +1.9% | +2.3% |
| BRENT | 2024-03-14 | [Oil prices climb as revised IEA outlook signals tighter market \| Reuters](https://feedsoft.ai/events/31368-oil-prices-climb-as-revised-iea-outlook-signals-tighter-market-reuters.md) | +2.2% | +7.9% |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/selling-forward-during-high-prices-grain-market-daily

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