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Grain prices lift as US drought worsens

With maize planting about to start, drought fears in the US have pushed grain prices a little higher. May-26 UK feed wheat futures stand at just over £177.00/t as traders…

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Grain prices lift as US drought worsens

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With maize planting about to start, drought fears in the US have pushed grain prices a little higher. May-26 UK feed wheat futures stand at just over £177.00/t as traders await news on US wheat crop conditions. New crop (Nov-26) UK feed wheat futures also increased after falling last week to £181.50/t. The US Farm Journal Ag Web recently reported that 60% of the country is now facing moderate to exceptional drought, the worst being experienced by the eastern Corn Belt, the Southeast and into the western Plains. With 68% of winter wheat in drought, producers face potential abandonment, especially…