# Wheat and oilseed rape prices rise as pound remains weak - Farmers Weekly

> UK feed wheat spot prices rose about £4/t over the week to £138-149/t, and US wheat rose after USDA data showed the lowest winter wheat area in 108 years. UK wheat exports have fallen sharply compared with the previous season, and a weak pound is hurting UK export competitiveness.

- Date: 2017-01-21 · published 2017-01-21T12:00:00.000Z
- Category: report · region UK · magnitude low
- Page: https://feedsoft.ai/events/73055-wheat-and-oilseed-rape-prices-rise-as-pound-remains-weak-farmers-weekly
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The US winter wheat area low supports wheat prices, while a weak pound and strong competition limit UK export demand, leaving the feed market firm.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: neutral
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-04-01 | [UK feed wheat price rises after surprise in global market - Farmers Weekly](https://feedsoft.ai/events/47552-uk-feed-wheat-price-rises-after-surprise-in-global-market-farmers-weekly.md) | +0.2% | +4.6% |
| WHEAT | 2023-09-12 | [Wheat prices strengthened by lower global production - Farmers Weekly](https://feedsoft.ai/events/34146-wheat-prices-strengthened-by-lower-global-production-farmers-weekly.md) | +0.9% | -1.2% |
| WHEAT | 2018-06-19 | [Wheat/barley price prospects on the rise; oilseeds to fall: ABARES - Grain Central](https://feedsoft.ai/events/64497-wheat-barley-price-prospects-on-the-rise-oilseeds-to-fall-abares-grain-central.md) | -0.7% | -3.1% |
| WHEAT | 2022-07-12 | [French wheat crop to dip by more than 2.5m tonnes, as farmers switch to oilseeds - Grain Price News](https://feedsoft.ai/events/40423-french-wheat-crop-to-dip-by-more-than-2-5m-tonnes-as-farmers-switch-to-oilseeds.md) | +7.2% | +7.0% |
| WHEAT | 2019-11-08 | [Grains, oilseed prices firmed: FAO-AMIS - Grain Central](https://feedsoft.ai/events/56101-grains-oilseed-prices-firmed-fao-amis-grain-central.md) | +3.0% | +7.4% |

## Sources

- fwi.co.uk: https://www.fwi.co.uk/business/markets-and-trends/crop-prices/wheat-and-oilseed-rape-prices-rise-as-pound-remains-weak

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