Earlier this week, wheat markets eased lower following concerns that the increasing impact of Covid-19 will lead to cuts in global demand for grains, particularly from the fuel sector. Wheat price gains made in the second half of October were all but lost. However, on Thursday, the US Chicago Board of Trade (CBOT) soybean market jumped to $11 per bushel, a four-year high, which pulled world wheat prices higher with it.
You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by farm trader, Nigel Dring.