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London Wheat Futures - Jul 24 (LWBc2)

	Symbol	Exchange	Currency
	LWBc1	ICE	GBP	Delayed
	LWBc2	ICE	GBP	Delayed
	LWBc3	ICE	GBP	Delayed

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175.00 +0.00 +0.00%

22/03 - Closed. Currency in GBP ( Disclaimer )

Prev. Close: 175.00
Open: 171.00
Day's Range: 170.50 - 175.00

Type: Commodity

Group: Agriculture

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William Bayne Apr 19, 2022 18:16

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Turns out my "chat" was correct, as I happen to know the market well. Fertilser is now over £1,000 (if you can get it). Now a war in one of the biggest wheat producing areas, plus no ammonium nitrate imports from Russia will mean high wheat prices for some time. Even futures contracts for April '23 is £300/t. No manipulation, fact!

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Andrew Parsons Apr 19, 2022 18:16

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If you look back historically ie pre 1980s in real terms these prices are still very low ... inorder to sustain food production forward into our climate crisis we will need significant investment to innovate our way to zero carbon clean green practices... Hopefully the market will be allowed to do its job...if it isn't then 8 fear future price shocks will make this one look like slugs ****

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Don Burza Mar 15, 2022 16:28

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This chart is pure manipulation..

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Will Strath Oct 14, 2021 22:45

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With fertilser prices being double and in some cases triple, Wheat prices will be high for quite a while. Many active ingredients in everyday agrochemicala are not being produced so the impacts of crop yields will also be with us indefinitely. Expect high wheat values for a long time. 200+ as normal.

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Miguel Barroso Oct 10, 2020 7:57

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i expect retracement 150 area over time

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pip sout Sep 11, 2018 16:09

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How low do world wheat stocks need to go to show price correction, is it going to keep on climbing?

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Will Strath Sep 11, 2018 16:09

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More to do with how valuable it will become in store (and current growing crop) if continued dryness in South America and the Black Sea regions. Also how much currency devaluation will play out.

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	Name	Price	Chg.	Chg. %
	London Wheat c2	175.00	+0.00	+0.00%