Grain prices fall on recovery of pound and poor fiscal outlook

摘要

Grain prices dropped with the recovery of the pound after the reversal of many of the government’s mini Budget measures. In the six trading days between 10 October and 18 October, the London feed wheat futures contract lost more than ￡28/t, droppingfrom ￡293.20/t to ￡265/t. Midweek, it sat at ￡265/t, just ￡l/t above the November 2023 contract.Ex-farm spot prices collected by Farmers Weekly midweek ranged from ￡253/t to ￡264/t for feed wheat (average ￡256/t) and ￡233/t to ￡240/t for feed barley (average ￡236.6/t).