Wheat prices remain under pressure due to an ample global supply, favourable weather conditions in the Northern Hemisphere and currency fluctuations. Sterling gained on both the US dollar and the euro following the Budget, reaching the highest levels in a month. This caused a downward correction in domestic wheat prices. The latest MARS European crop monitor showed that the weather is currently generally favourable for winter crops across Europe. This followed the USDA’s Crop Progress report, which showed that 3% more of the 2026 winter wheat crop was rated as ‘good’ or ‘excellent’ than the previous week. However, this is…