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April grain price gains hold into May

As we enter May the latest AHDB Grain market report shows grain prices holding despite revised forecasts for the Russian wheat crop. A dry spell had impaired crop conditions but…

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April grain price gains hold into May

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As we enter May the latest AHDB Grain market report shows grain prices holding despite revised forecasts for the Russian wheat crop. A dry spell had impaired crop conditions but with wetter weather expected, regional commentators anticipate crops to recover. However, weather concerns out west have limited the downward pressure. The USDA (US Department of Agriculture) has revised crop conditions down with dry conditions spreading across the US winter wheat belt. At the end of April, the USDA reported that 30% of US winter wheat was located within the drought-stricken area, up from 18% in the middle of the month.…