# Wheat loses ground on high stocks and big harvests - Farmers Weekly

> European ex-farm wheat values fell about £2/t on 30 August, tracking lower futures, with spot prices between £110/t and £120/t. The decline followed good crops in producer countries such as Russia, huge expected US wheat and maize crops, and Defra data showing UK wheat stocks at a record high of 2.7m tonnes.

- Date: 2016-08-30 · published 2016-08-30T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10610-wheat-loses-ground-on-high-stocks-and-big-harvests-farmers-weekly
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Large export supplies from Russia and the US and high UK carry-in stocks weigh on wheat prices and reduce the cost of feed wheat. Slow ex-farm sales suggest sellers are holding, which could limit how far local prices fall.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: neutral

## Sources

- fwi.co.uk: https://www.fwi.co.uk/business/markets-and-trends/crop-prices/wheat-loses-ground-high-stocks-big-harvests

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.