date:May 14, 2014
o signs of the expected disruption as a result of the current Ukrainian crisis.
The UK market, like its EU counterparts, has also fallen during the past week, but only by 4/t.
Increasing offers of spot wheat, by growers and merchants alike, has resulted in further downward pressure on delivery premiums, as sellers chase what little domestic demand surfaces.
Sterling has also benefited from the weaker US dollar, adding pressure to UK farm prices.
In summary, US wheat has a problem (weather) a