Harvest pressure is visible in all wheat markets as favourable weather in US keeps progress ahead of average for this date.
Read MoreIn a quiet news week, markets were broadly sideways , UK prices are still being slightly propped up by recent weakness in GBP which has pushed about £5/mt into our levels, all welcome whilst it lasts.
Read MoreHarvest gathered pace last week as everyone rushed to beat the rain delay we are now in the midst of.
Read MorePrices continue to track sideways- it does appear we have found the bottom of the long sell-off – but impressive yields and quality across practically all northern hemisphere harvests will weigh on markets for the time being.
Read MoreWheat dumped £7.00/mt last week as the market removed any Middle-East risk premium and early harvest reports rolled in.
Read MoreMarkets have firmed slightly and there is better value around now particularly on new crop compared to a week ago.
Read MoreSpeaking to buyers at a trade event last week it’s apparent there is a broad consensus that wheat is about as cheap now as it’s likely to get.
Read MoreAnother tough week for wheat prices saw Nov LIFFE close below £180 on Friday, its likely now we will have something of a stand-off with growers obviously unwilling to lock into prices perceived as below the cost of production.
Read MoreAfter a bumpy week we ended higher on Friday, a welcome correction upwards, apparently driven as much as anything by dry weather in the US and Europe.
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