Frontrunner - 21st May 2021

<p>World wheat markets have fallen again this week as a result of the pressure of improving production potential for some of the world’s primary exporters. Chicago Board of Trade (CBOT) wheat prices are now 10% below their end-of-April high and London wheat futures hit a low at £21.50/t beneath their recent peak. </p><p>Conversely, US winter wheat prospects look particularly upbeat following this week’s annual Kansas crop tour. Yields for the south west of the state are seen at 56.7bu/a, which is significantly higher than the five-year average of 42.7bu/a. There were similar results from northern Kansas, which is the primary US winter wheat producing state; it is set for a crop with a record yield.&nbsp;</p><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>