The main controlling factor at the moment is low rainfall but it looks like this may change this week with rain forecasted and a more unsettled weather period for the next 7-10 days.
Continues to be on a one way journey down losing £60/t in the last 3wks.
Markets are stagnant but with low oil demand and crushers not operating has held the prices high.
In short supply as the demand for Ethanol has crashed majority of the plants in the US are at a standstill.
- Wheat, slight movement up @ £160/t Nov ex farm with a large differential against barley @ £30/t Nov.
- Rain being a controlling factor for recently planted and struggling crops.
- Russia has band large volume wheat exports as it does not want to be left short.
- Biscuit meal up slightly on the back of wheat.
Ex-Farm Spot Harvest Nov
Feed Wheat £150 £152 £162
Feed Barley £127 £125 £132
OSR £307 £311 £317
Still looking at price rises for the summer.