Weather events around the world are regarded as the main factor pushing prices up but fund investors are undoubtedly having an impact also.
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International grain markets have strengthened significantly in the past week, following a sustained period of depressed or falling prices.
This has resulted in future grain markets showing in excess of a €25/t increase in the past week or so.
Since the week ending 19 June, MATIF wheat (French milling wheat) for December increased from €180/t to €202.75/t at the close of business last Tuesday. On Wednesday morning it increased by a further €3.75/t, but some of this latter increase was subsequently lost.
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Grain prices in Chicago have also increased, with both wheat and barley rising by over 15% in recent days. However, as always, there is a likelihood of over-reaction in every price movement.
The price rise is being influenced by a number of different factors, such as reduced planting and drought in parts of Canada, continued extreme wet in parts of the US, dryness across a big part of southern Europe and other problems in India and China.
Native green feed barley price offers for September have moved above €145/t this week, with green wheat at €160/t.
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International grain markets have strengthened significantly in the past week, following a sustained period of depressed or falling prices.
This has resulted in future grain markets showing in excess of a €25/t increase in the past week or so.
Since the week ending 19 June, MATIF wheat (French milling wheat) for December increased from €180/t to €202.75/t at the close of business last Tuesday. On Wednesday morning it increased by a further €3.75/t, but some of this latter increase was subsequently lost.
Grain prices in Chicago have also increased, with both wheat and barley rising by over 15% in recent days. However, as always, there is a likelihood of over-reaction in every price movement.
The price rise is being influenced by a number of different factors, such as reduced planting and drought in parts of Canada, continued extreme wet in parts of the US, dryness across a big part of southern Europe and other problems in India and China.
Native green feed barley price offers for September have moved above €145/t this week, with green wheat at €160/t.
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