Cereal prices settle after tight supply and poor yield

Wheat prices have finally levelled after tight global supplies and poor yields across Europe had pushed prices up.

Milling premiums have settled at about £9-10/t over feed for solstice, £11-13 for Malacca and £15-18 for Hereward.

September ex-farm feed wheat prices have reached £79/t, while October prices are £80.50/t and November prices are £81.50/t.

“We have seen the market run out of steam,” Grainfarmers head of milling wheat Simon Ingle said. “It needs to find a level where buyers will come back in.”

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