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Grain prices recover after contract lows

After hitting a contract low earlier in the week, grain prices have recovered to finish broadly where they started the last month of the year. The latest AHDB Grain Market…

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Grain prices recover after contract lows

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After hitting a contract low earlier in the week, grain prices have recovered to finish broadly where they started the last month of the year. The latest AHDB Grain Market Report shows UK feed wheat futures (May-26) fell fractionally to £172.25/t, the Nov-26 contract stands at £176.25/t. A rise in the strength of sterling weighed on UK prices. In the middle of the week, the Pound reached its highest level since late October (£1.00 = €1.1434, LSEG). However, this was offset by concerns over an escalation in the Ukraine conflict, with Russian threats to attack Ukrainian vessels and port infrastructure.…