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UK oilseed rape farmgate prices were moved by sterling swings, with the UK market setting a contract low before bouncing. US wheat rose about $10 per tonne on fund short covering amid dryness in the Plains and falling crop ratings.
Russian and Argentine wheat remain priced at a discount to French supplies.
US Plains dryness and fund buying support wheat prices, while cheap Black Sea and Argentine supplies cap gains in export markets. Currency swings are feeding into UK prices.
farming.co.ukFeb 2, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
