• Delivered old-crop feed wheat prices ended last week 50p-1 higher. Bread wheat prices, for immediate delivery, closed higher by at 1-3/t. Feed barley prices closed relatively unchanged on the week.

  • Although delivered cereal prices have firmed over the week, traders noted that little has changed in the market conditions since the previous week. Sellers are hard to tempt to the market and consumers still have cover to assume. The latter is especially true for the June/July delivery period.

  • The premium for bread wheat over feed has risen further since the previous week to between 17-21/t, depending on region. Traders reported that the lack of supplies being made available from farms is continuing to underpin premium.

  • Debate continues over whether this indicates a real deficit of certain grades of wheat, or whether farmers have genuinely been too busy working the land to market their grain.

    It is likely to be a combination of the two. Although delivered cereal prices have firmed over the week, traders noted that little has changed in the market conditions since the previous week.

    Sellers are hard to tempt to the market and consumers still have cover to assume. The latter is especially true for the June/July delivery period.

  • The premium for bread wheat over feed has risen further since the previous week to between 17-21/t, depending on region. Traders reported that the lack of supplies being made available from farms is continuing to underpin premium.

    Debate continues over whether this indicates a real deficit of certain grades of wheat, or whether farmers have genuinely been too busy working the land to market their grain. It is likely to be a combination of the two.

    HGCA Taken from HGCA weekly MI Bulletin
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