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Markets rise further as tensions and weather worries continue

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With just a few weeks of trading left, May-26 UK feed wheat futures have risen further and have moved to close to £183.00/t as weather worries and political tensions continue. With drought conditions across much of the US, as of mid-April, just 30% of the country’s winter wheat was rated in good or excellent condition. 33% in rated at poor or very poor, the worst since 2017. What AHDB senior analyst Helen Plant doesn’t know is how it will play out. There is no denying how severe the conditions have been this season but the climate variation for a country…