Wheat 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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