Wheat markets have steadied following the USDA’s recent ‘neutral to bearish’ report, November 26 UK feed wheat futures rising to £179.75/t. Wheat inventories, favourable crop progress reports and the expectation of a large South American maize crop, helped push markets lower. A further update from the USDA last week reported that 68% of the US maize crop was in good or excellent condition, up 1 percentage point on the week. According to FranceAgriMer, 4% of the French winter barley is already in, ahead of the five-year average. The prospect of an agreement between the US and Iran also pressured markets,…