UK feed wheat prices fall but not enough to help struggling exports

摘要

UK wheat quality is looking reasonably positive despite the rain, but feed wheat is proving increasingly difficult to shift even as prices continue to slide.Harvest revved into gear again last weekend, although growers in Lincolnshire and Yorkshire were still dogged by showers.All eyes are on the feed wheat market however, with the UK still struggling to sell its large crop against more price-competitive producers and with most of the trading sewn up early."I can't remember being in a harvest with such a big surplus and the UK having so little sold," said Jonathan Lane, trading director at Gleadell. "The business is already done."