# Farming News - Currency continues to be a key influencer for UK farmgate prices - weekly markets

> European wheat prices firmed as Chicago rallied on US hard red winter drought and a cold snap in the southern Plains. EU prices rose €4/t, and Russian prices were supported by export demand and a firm rouble. Sterling weakness also influenced UK farmgate values.

- Date: 2018-03-02 · published 2018-03-02T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/12435-farming-news-currency-continues-to-be-a-key-influencer-for-uk-farmgate-prices
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Dryness in US HRW areas and tight Russian export logistics lift global wheat values, while currency moves change UK and EU farmgate prices. Feed buyers should expect firmer wheat costs in Europe.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Sources

- farming.co.uk: https://farming.co.uk/news/currency-continues-to-be-a-key-influencer-for-uk-farmgate-prices---weekly-markets

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