International grain prices continue to react to alternating sentiment but, on balance, they have been somewhat stronger over the past week. Some of the reasons relate to the recent sale of French wheat but there were also rumours of a change to the US biofuels policy which may help demand.

The recent AHDB (HGCA) grain market report indicates that US policy may be changed from a support to the fuel blender to a support for the producer. This would mitigate against imported bioethanol in favour of US crops.