UK grain markets saw another quiet week with most players awaiting the start of the grain harvest in the EU in the next weeks.
But with farmers still reluctant to sell, supplies remain limited and prices supported. Thus, June and July feed wheat on delivered markets rose by between 50p and £1.75/tonne.
Weaker Sterling for most of week was another reason why prices were generally firmer.
The price development of old-crop wheat on delivered and export markets was also largely under the influence of the LIFFE wheat futures market.
Trade activity on the July futures contract was described as technical and prices artificially higher.
Taken from HGCA weekly MI Bulletin|
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