wheat prices heading south?

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wheat prices heading south?

Neil Moorhen: Posted on 16 June 2011 00:21

At last a glimmer of hope on feed prices as uk wheat prices continue to head south.

Following recent rains and Russia lifting their export ban on wheat the last few days have seen sustained falls in prices for July onwards with todays LIFFE July price the lowest since November 2010 @ £175/ tonne.

We will be keeping a close eye on other straights to see if they follow suit.

Will this be a sustained drop, or just another blip on the commodities rollercoaster?

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