# Grain Market Update 4th September - Irish Farmers' Association

> Irish grain harvest progress is good but yields vary and acreage is reduced, with buyers largely on the sidelines. UK wheat is competitive due to a weak sterling and a strong harvest, with an estimated 1.6m tonne export surplus, and the Matif Dec 2019 wheat contract trades at its lowest since April 2018 near €167/t.

- Date: 2019-09-03 · published 2019-09-03T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/57124-grain-market-update-4th-september-irish-farmers-association
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Ample European and UK supplies and strong Black Sea competition keep European feed grain prices under pressure, lowering import costs for feed buyers.

## Read by commodity

- OATS: bearish ▼
- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Sources

- ifa.ie: https://www.ifa.ie/markets-and-prices/grain-market-update-4th-september/

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