CRM AgriCommodities Market Review – 29th July 2019
UK wheat remains rangebound for now between £143/T and £150/T on the Nov-19 LIFFE feed wheat contract; awaiting further information from Russia where yields have been somewhat disappointing, yet the quality is excellent and we get confirmation of the good domestic wheat harvest. Rapeseed prices have seen ongoing support, gaining nearly 6% in July alone and recovering to their highest level in 11 months on the Euronext exchange as production declines are confirmed with harvest making progress across Europe and the Black Sea.