# Grain Market Update 12th March - Irish Farmers' Association

> Irish spot wheat traded at €203-205/t and barley at €192-194/t on March 11, with new crop wheat at €185 and barley at €175. Feed demand picked up as cattle were rehoused, while US wheat futures have fallen up to 20% in five weeks amid lagging export demand.

- Date: 2019-03-12 · published 2019-03-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/10670-grain-market-update-12th-march-irish-farmers-association
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy fund net short positions and ample global supplies, including early European and Russian harvest forecasts, keep wheat and barley prices under pressure. Cheaper grain prices are pulling feed demand back from maize and soy.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Sources

- ifa.ie: https://www.ifa.ie/markets-and-prices/grain-market-update-12th-march/

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