Currency fluctuations and Brexit uncertainty continue to dominate UK feed pricing, whilst global feed markets focus on the weather in key growing regions.

Despite the impact of Brexit negotiations on exchange rates, current UK feed prices are looking very competitive compared to the summer and last winter.

Lower global wheat production means world stocks will fall, but prices have yet to lift despite the end of UK bioethanol production reducing domestic demand.

The escalating trade war between the US and China has brought new levels of uncertainty to commodity feed markets, with protein prices dropping sharply.

Falling Argentine soyabean crop estimates are adding to pressure on protein feed markets, as are tight mid-protein supply and delayed turnout in the UK.

With global weather patterns set to impact feed markets again in 2018, spotting relevant buying opportunities and managing price volatility will be critical.

The impact on feed prices of a possible record US soyabean harvest and huge Russian wheat crop continues to drive interest in extending forward cover.

A bumper Russian wheat harvest has pushed energy feed prices lower, but US wheat quality issues and a poor Australian crop may cause prices to rally.

Adverse weather in the UK and elsewhere is already affecting commodity feed prices, and there’s potential for even greater market volatility going forwards.