Since the Easter holidays, UK delivered feed wheat prices have firmed at around 1/t while new-crop feed barley prices have also gained around 50p/t.
Bread wheat prices closed last week mixed.
Earlier in the week cereal prices fell in-line with a stronger Pound, but after the Bank of England left interest rates unchanged, so the Pound weakened.
Cereal prices duly rose and easily offset earlier losses.
The UK delivered old-crop cereal market remains focused on the interior market and influenced by currency fluctuations and consumer short covering.
Consumers have reportedly been sporadic buyers of new-crop wheat recently, especially when currency movements press cereal prices lower.
