Feed wheat up 1-2 on currency HGCA

  • Delivered prices for feed wheat were generally £1 to £2/t higher over the week, reflecting a slightly weaker Pound and suggestions of improved export interest.
  • Sterling fell by the equivalent of 3pfg over the week, to end Friday at about DM3.00.
  • With farmers continuing to drill, traders noted that farmers resistance to sell at below £70/t ex-farm had become stronger.
  • Increased interest was reported in export markets, with unconfirmed suggestions of a cargo for South Korea being sourced from the UK. Interest from Italy was also said to be stronger.
  • Wheat export prices rose by 50p to £1.50/t as a result.
  • Export barley prices remained unchanged, with the November FOB price very close to the intervention price.

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

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