DairyCoNews Archive
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- Promotions and price cuts - the retail market
- Farmgate price well below market returns in 2010
- Record high for feed wheat
- Panorama surprised when ex- dairy farmer gives thumbs up to ‘Mega Dairy’
- Input costs increasing faster than farmgate price
- Tesco to extend dedicated milk pool
- Gap between farmgate and AMPE narrows
- The Farm Behind the Food resource
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- 2009
- 2008
- 2007
Feed wheat prices hit record high
Published 21 December 10
UK Feed Wheat futures hits new record
Last night (Monday) the UK LIFFE feed wheat futures July contract closed at £200.00/t, a new record settlement (daily closing) price for LIFFE feed wheat. Despite no contracts being traded at this price yesterday for when the settlement was published, one lot of 100 tonnes has been traded at this price in trading so far today. This breaks the previous record of £198.50/t set on 25th February 2008, when one lot was traded.
The nearby price closed at £192.00/t, a two year high and now just £0.50/t below the record for the nearby contract (nearest delivery month), also set on 25th February 2008.
UK wheat prices have now seen almost continual gains since mid-November with Monday's nearby closing price £89/t higher than at the start of the crop marketing year on 1st July 2010. With the UK typically accounting for around 2% of world wheat production, UK wheat prices tend to follow world trends. World wheat prices have risen considerably since July due to concerns over the global availability of wheat and other feed grains. Current concerns focus on dry crop conditions in the US and South America, while heavy rains hamper the harvest in Australia.
