UK wheat prices stable. says HGCA

  • Delivered feed wheat prices generally settled slightly higher over the week, up by 50p-£1 in most regions. Bread wheat prices stabilised after two weeks of falling prices. Demand for barley on delivered markets was reportedly very thin as the intervention season is now open in the UK.
  • Sterling was generally 1pfg lower most of the week, at around DM3.05, before recovering to over DM3.06 by the end of Friday.
  • Some traders have reported that feed consumers may need to roll purchase contracts into following months as sales of compound feed have fallen more than expected.
  • Milling wheat traders report continued demand for all grades of wheat. Group 2 wheat is generally reported to be trading at around £5 below Group 1 wheat.
  • Wheat export prices are unchanged to slightly higher. Traders remain optimistic about November export volumes, mainly as a result of a few large shipments leaving UK ports at the beginning of the month. Traders noted that spot demand to ports had been good over the week, and volumes of grain being sold off-farm increased.

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

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