Prices & Trends

Uncertainty around Russian and US wheat prospects for harvest 2021 has driven UK and global wheat prices higher as speculative investors turn their attention to agricultural commodities and China makes big purchases.

Combined global wheat and corn crop is still bigger than last year.

Grocery sales in the UK have accelerated as the restrictions tighten again although there was limited evidence of stockpiling as seen in March.

Chicken producer Pilgrim’s Pride is set to pay a $110.5 million (£85.3m) fine after agreeing a plea with the US Department of Justice, following an investigation into price-fixing.

More farms were being marketed privately in 2020 but it remained to be seen whether this was a one-off in an extraordinary year

But a drop in English lamb numbers has offset the increases

Reduced costs was the main difference between top and bottom performing dairy businesses according to Old Mill and the Farm Consultancy Group

A number of factors including Covid-19, the US elections and a La Nina weather event would drive global grain markets

After months of near-record prices there is a bearish tone to the UK and global pig market amid fears of over-supplies.

The cooperative said the rise was on the back of strong business performance and improved market returns but warned there was considerable potential for disruption in the coming months