Frontrunner - 11th September 2020

Brexit discussions between the UK government and EU negotiators ran aground this week. The prospects for the UK leaving the EU without a deal became increasingly likely and concerns this will be damaging for the UK economy triggered a sterling sell-off in foreign exchange markets. By close of play on Thursday, sterling had fallen during the week by more than 3% versus the euro to its lowest level since March. London wheat futures rallied £8/t with buyers also concerned that a 'no deal' Brexit could lead to tariffs on EU wheat of up to £78/t. This presents a very challenging prospect for UK millers.&nbsp;&nbsp;<br /><hr><p style='color:grey; font-size:0.75em;'> See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>