# Farming News - Weekly Markets -UK is still feeling the impact of the Ensus closure

> UK wheat prices were held back by the Ensus bioethanol plant closure, which left merchants seeking alternative outlets for wheat. Russian grain export forecasts were raised to 38-39 million t total and 33-34 million t wheat, while EU exports to non-EU countries were down 25% on low Black Sea prices.

- Date: 2018-11-02 · published 2018-11-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/62072-farming-news-weekly-markets-uk-is-still-feeling-the-impact-of-the-ensus-closure
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Higher Russian export forecasts and Black Sea price pressure weigh on world wheat values and limit demand for U.S. and EU wheat.

## Read by commodity

- WHEAT: bearish ▼
- GBPUSD: neutral

## Sources

- farming.co.uk: https://farming.co.uk/news/weekly-markets--uk-is-still-feeling-the-impact-of-the-ensus-closure-

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