Markets are broadly stable. Peak harvest selling pressure form farm is just about over, but buyers remain quiet. With the season moving into autumn, we have seen some nearby top up buying of feed grains, but it is still difficult to sell any volume. Political/Brexit issues remain topical, with no one wanting to take additional risk in the run up to the end of October. It would be good not to have this overhanging the market - seemingly a forlorn hope at present!
Millers and maltsters are still assessing availability, and are also only buying selectively on a hand to mouth basis.
On the international front, northern EU sellers are still looking to sell from their much larger feed grade crop this season which continues to exert downward pressure on prices. UK feed grain prices have been higher than mainland EU values, which has brought some cargoes into the UK. There is also a much larger Maize crop anticipated, which may compete with other cereal usage.
We suggest that sellers get samples of any quality grains tested by their buyers so that correct marketing decisions can be made as opportunities inevitably develop.
