Delivered wheat and futures firm in UK – HGCA

  • DELIVERED wheat prices gained 50p-1 on the week ending 11 May, with feed wheat prices in the mid-80s. Ex-farm values traded 50p-2 higher.

    Corn returns traded volumes are around half of what they were a month ago.

    Delivered markets remain dearer to export markets reflecting the ongoing domestic focus.

    The recent improvement in weather saw many farmers concentrate their efforts on fieldwork, but crop prospects are still uncertain after months of wet weather.

    May and July LIFFE wheat futures ended the week 1.40/t and 1.90/t higher respectively on a continued lack of physical supply.

    November wheat led other new-crop positions lower, ending the week 50p down on more favourable weather.

  • UK feeds see interest for winter

    UK feeds saw buying interest pick up this week for winter positions of various ingredients.

    Maize gluten rose 2.50 on the week, while most protein-based feeds rose by 2-7.

  • Euro1 = 61.72p, 1 = Euro1.62 on 15 May

    Taken from HGCA weekly MI Bulletin
    To contact the HGCA phone 020 7520 3972

    Click here to visit the Home-Grown Cereals Authority

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