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Grain prices ease despite heat dome impacts

Despite concerns over European crop conditions, sterling strengthening against the euro has helped pressure grain markets, cancelling the gains of the previous week. November 26 UK feed wheat futures currently…

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Grain prices ease despite heat dome impacts

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Despite concerns over European crop conditions, sterling strengthening against the euro has helped pressure grain markets, cancelling the gains of the previous week. November 26 UK feed wheat futures currently sit at £176.75/t. The AHDB suggests that global grain markets were influenced mainly by weather, harvest progress, currency movements, and crude oil last week. The hot, dry weather in Europe continued to affect crop condition ratings. In France, maize conditions, as of 22 June, fell to an eight-year low, with 76% rated good or excellent, down from 84% the previous week. Soft wheat ratings also declined, with 74% rated good…