So far, 2024 has proven to be disappointing for wheat prices. London wheat futures lost 20% of their value over the first seven weeks of the new year, but in week eight they managed to reverse the trend and for the first time this year closed higher on the week. There was little to be bullish about and the gains were more a desire for speculative traders to lock in profits as wheat futures bounced higher from their contract lows.
During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more: www.frontierag.co.uk/myfarminfo
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