Thursday 5 March 2026

Fertiliser

Summary

 The complex is being repriced almost entirely off geopolitics and energy. European gas has surged on Russia supply-risk rhetoric and ultimately Middle East escalation, with Qatar LNG disruption and Hormuz transit risk feeding straight through ammonia and the nitrogen chain. Ammonia’s “east of Suez” cushion has effectively vanished, European producers are already reacting to gas by cutting ammonia rates, and that’s tightening nitrates. Urea has led the move, rallying hard on export/logistics constraints out of the Middle East plus higher replacement values, while phosphates are quiet in India but structurally firmer on rising conversion costs and freight/insurance risk premiums. Potash remains the least tight on fundamentals, but sentiment is still being tugged higher by the same geopolitical backdrop. 

UK

We’ve seen three distinct rounds of importer withdrawals this week, and most of the market is now effectively POA at the time of writing. UK urea indications moved from roughly £440/t late last week to >£500/t before withdrawal, reflecting a sharp risk-premium reset. AN has followed, up roughly £55/t since Friday, driven by the gas shock feeding directly into European nitrate economics and offer discipline. This is compounding the challenges already faced for quick delivery and application as the weather improves as many suppliers are not offering grades for delivery until April. 

Natural Gas

Geopolitical shock drives surge as supply risks escalate. 

Key Factors: 

• European natural gas futures climbed above €50/MWh, approaching a three-year high as markets reacted to threats from Russia to halt remaining gas flows to Europe. 
• Although Russian pipeline deliveries have fallen sharply in recent years, Russia still accounted for roughly 13% of EU gas imports in 2025, meaning a full cut would materially tighten balances.
•  Supply concerns are amplified by escalating Middle East tensions, with the world’s largest LNG facility in Qatar currently offline and the Strait of Hormuz closed to shipping. 
• The Strait represents a transit route for roughly 20% of global LNG, significantly heightening fears of disruption to global supply chains. 
• EU gas storage remains tight at below 30%, leaving the bloc vulnerable to further shocks. 

• US natural gas futures rebounded toward $3/MMBtu after a sharp drop earlier in the week, with markets closely tracking the evolving Iran–US–Israel conflict. 
• Reports of possible negotiations briefly pressured prices, though Tehran later denied the claims and hostilities continue. 
• The US has signalled it may escort LNG and oil tankers through the Strait, though operational details remain unclear. 
• US storage inventories are expected to have declined again last week, providing some fundamental support. 
  
  

Outlook
Gas markets are now heavily driven by geopolitical developments. European prices are likely to remain extremely volatile while risks around Russian supply and Middle East LNG transit persist. In the US, prices remain relatively contained due to strong domestic production, but global LNG disruptions could quickly tighten balances if the conflict escalates further. 

Ammonia

Middle East conflict removes global supply buffer while European production begins to respond to surging gas prices. 

Key Factors: 

• The ammonia market had previously been divided between tight conditions west of Suez and excess supply east of Suez, but the Middle East conflict has abruptly removed that eastern surplus. 
• Around 27% of global ammonia trade is now exposed to disruption, with roughly 21% of traded volumes moving through the Strait of Hormuz. 
• Iranian producers had already reduced ammonia tank inventories to around 30% capacity for safety reasons, pushing surplus ammonia downstream into urea and reducing export availability. 
• QatarEnergy halted production at Mesaieed and Ras Laffan following Iranian strikes, removing supply from its 3.8 Mt per year ammonia complex and intensifying the global supply shock. 
• Saudi Arabia remains operational for now, including Ma’aden’s MPC plant, though uncertainty remains around SABIC operations and regional logistics. 
• LNG disruption is amplifying the impact. Qatar previously accounted for roughly 20% of global LNG exports and its shutdown has driven European TTF gas prices sharply higher. 
• European gas prices surged during 3 March trading, with the Dutch TTF front month contract reaching €65.79 per MWh before easing slightly the following day. 
• Rising energy costs are already impacting production. LAT Nitrogen announced it will cut ammonia operating rates at its French and Austrian facilities to technical minimum levels while maintaining downstream fertiliser output for the spring application season. 
• Egypt also faces risk after Israel shut the Leviathan, Tamar and Karish gas fields which supply Egyptian fertiliser plants. If gas supply tightens, producers would likely divert ammonia into urea rather than export it. 
• India remains one of the most exposed buyers, with around 77% of ammonia imports linked to Middle Eastern supply just as demand begins to rise ahead of the Kharif season. 
• West of Suez supply is already tight after the shutdown of Nutrien’s Trinidad plant removed roughly 1 Mt per year of exports. Additional supply from Gulf Coast Ammonia and Woodside Beaumont is not expected until late March. 
  
  

Outlook
The conflict has effectively removed the surplus that previously balanced ammonia markets east of Suez. With Middle Eastern supply disrupted, European production under pressure from high gas costs and limited spare capacity elsewhere, the market is likely to remain extremely tight in the near term. If disruption persists into the spring demand season, buyers may face a situation where replacement tonnes simply do not exist. 

Nitrates and Sulphates

European nitrate offers withdrawn as gas volatility surges while UAN rallies sharply in the US. 

Key Factors: 

• European producers have withdrawn offers for nitrate products including AN, CAN and UAN-32 as escalating Middle East tensions drive extreme volatility in gas markets. 
• The withdrawal follows several weeks of subdued activity and comes shortly after LAT Nitrogen issued new offers the previous week. 
• Market participants note that any deals currently being concluded require execution within extremely short timeframes due to rapidly shifting energy prices. 
• The surge in European gas prices is already impacting production decisions. LAT Nitrogen has reduced ammonia operating rates to technical minimum levels at facilities in France and Austria while maintaining downstream fertiliser output for the spring season. 
• Lower ammonia production reduces feedstock availability for nitrates and increases marginal costs for AN and CAN production across Europe, tightening supply further. 
• In the US Midwest, UAN prices surged following fresh price increases announced by CF Industries. Offers increased by $35 to $40 per short ton in a single day. 
  
  

Outlook
Nitrate markets are entering a period of heightened volatility driven primarily by energy markets rather than underlying fertiliser demand. European availability is likely to tighten as ammonia operating rates fall and producers reassess production economics. In the US, strong price momentum in UAN suggests the market is rapidly repricing geopolitical risk and tightening spring supply conditions. 

Urea

Geopolitical disruption and gas supply risks drive sharp global rally in urea markets as short’s dive into Egypt and Algeria. 

Key Factors: 

• Global urea prices have surged following the escalation of conflict in the Middle East, with benchmarks rising by nearly $200/t since 27 February as supply risks intensify across the nitrogen complex. 
• Shipping disruption through the Strait of Hormuz has become a critical macro factor. Vessel traffic through the strait has fallen by roughly 94% since hostilities began, severely restricting exports from the Middle East Gulf, one of the most important supply regions for global urea trade. 
• QatarEnergy has halted production at its Ras Laffan complex following attacks on regional energy infrastructure. The producer operates around 5.8 Mt/yr of urea capacity and exported approximately 5.4 Mt last year, meaning a meaningful portion of global seaborne supply is now uncertain. 
• While other Middle Eastern producers such as Sabic, Fertil, Omifco and GPIC appear operational, exports remain constrained due to the inability of vessels to safely transit the Strait of Hormuz. 
• North African benchmarks have reacted strongly. Algerian granular urea was heard sold around $656–680/t FOB with offers reaching as high as $700/t FOB. Egyptian producers have largely stepped back from the market as suppliers hesitate to commit April tonnage amid uncertainty around natural gas supply. 
• Egyptian gas supply remains a risk after pipeline flows from Israel were halted. While urea production has not yet been affected, the outcome of upcoming LNG tenders will determine whether producers can secure sufficient feedstock in the coming weeks. 
• European buying has contributed to the rally with bids pushing beyond $600/t FOB equivalent as importers attempt to secure replacement tonnes amid tightening global availability. 
• Brazil prices have also risen sharply with granular urea assessed around $570–615/t CFR as the global price rally filters through to Latin America. 
• Asian markets have followed the upward momentum with Chinese export indications firming to roughly $570–610/t FOB. 
• The conflict is also beginning to threaten domestic urea production in key importing regions. India’s fertiliser sector is particularly exposed as roughly 85% of the gas consumed by its domestic urea industry is sourced from LNG. Disruption to LNG supply from Qatar and the wider Middle East could therefore tighten domestic production just as fertiliser demand begins to rise and the market is forced to become more import reliant. 
• Gujarat Gas has already issued force majeure notices to industrial consumers and reduced deliveries by around 50% for March, highlighting how the conflict may begin to feed directly into fertiliser production economics. 
  
  

Outlook
Disruption to Middle Eastern exports, uncertainty around Egyptian gas supply and the potential impact on LNG availability for major producing countries such as India are all contributing to a sharp geopolitical risk premium. Unless shipping through the Strait of Hormuz resumes and gas supply stabilises, global prices are likely to remain elevated as buyers compete for limited available tonnes. 

Phosphates

DAP markets quiet in India but sentiment turns increasingly bullish as supply risks build. 

Key Factors: 

• India’s DAP market remains largely inactive with spot assessments unchanged around $705–710/t CFR due to limited trading activity and uncertainty over government procurement guidance for the upcoming Kharif season. 
• Importers have stepped back from the spot market while awaiting clarity from the Department of Fertilizers regarding nutrient based subsidy allocations and purchasing plans. 
• Despite the lack of trading, underlying market sentiment has turned more bullish as supply risks increase across the global phosphate chain. 
• Rising feedstock costs are tightening production economics. Higher ammonia and sulphur prices are lifting conversion costs and squeezing producer margins, making suppliers increasingly reluctant to sell at previous levels. 
• Logistics risks linked to the Middle East conflict are also influencing the market. Vessel owners are increasingly reluctant to fix voyages into the region due to geopolitical risk premiums and insurance concerns. 
• Several regular export origins are already sold out for March loading, leaving only limited alternative supply sources with uncertain availability. 
• Seasonal factors are also affecting liquidity. Annual maintenance at complex fertiliser plants in India is expected to reduce near term offtake through March and April, which is contributing to the current lull in buying activity. 
• Importers report that domestic inventories remain comfortable relative to last year, reducing the need for immediate spot purchases. 
• However, traders expect prices to move higher in the coming weeks and months as tighter supply, rising feedstock costs and logistical disruptions continue to support the market. 
• Some cargoes are already being withheld by traders who believe buyers will eventually need to accept higher landed prices once procurement resumes. 
  
  

Outlook 
Although trading activity is currently muted, the underlying structure of the phosphate market remains firm. Rising feedstock costs, tightening export availability and geopolitical disruption to logistics are all supporting higher forward pricing. Once Indian procurement activity resumes ahead of the Kharif demand cycle, the market is likely to move higher as buyers compete for limited cargo availability. 

Potash

MOP markets steadied last week as activity returned following the Lunar New Year lull, though geopolitical developments are beginning to influence sentiment. 

Key Factors: 

• Deal making has gradually resumed across key regions following the holiday slowdown, leaving prices broadly stable week on week. 
• Despite relatively weak underlying demand fundamentals, supplier sentiment has started to turn more bullish amid rising geopolitical tensions between the US and Iran. 
• This geopolitical backdrop is encouraging producers and traders to push offers higher on a precautionary basis, even though end user demand has not materially strengthened. 
• Farmer affordability remains a limiting factor. Many growers continue to cite elevated MOP prices and weak crop economics as reasons to delay purchases ahead of the upcoming application season. 
  
  

Outlook
Potash markets remain fundamentally weaker than other major nutrients, with comfortable supply and hesitant farmer demand limiting immediate price momentum. However, geopolitical risk and supplier positioning may continue to support offers in the near term. The key determinant for price direction will be whether post holiday demand in Brazil and Southeast Asia accelerates enough to justify the current bullish sentiment from producers. 

Wheat

Wheat markets traded in a volatile range after February’s rally, with geopolitical tensions in the Middle East, currency swings and fund activity driving sharp daily reversals. MATIF broke above €200/mt, while CBOT and London futures followed a similar choppy pattern. Weather developments, export dynamics and macro influences kept sentiment finely balanced between short term bullish momentum and ample global supply.

Key Factors:

• Escalating tensions involving Iran and disruptions around the Strait of Hormuz injected a geopolitical risk premium into commodities, lifting crude oil and briefly supporting grain markets. However, initial rallies faded as traders reassessed the situation and broader macro uncertainty increased – HOWEVER, as with all geopolitical risk, until the risk has passed, be aware of potential injects where there is a healthy dose of human emotion often involved in the decision making process.
• MATIF wheat pushed above €200/mt for the first time in nearly four months before encountering resistance around €204–205/mt. Subsequent pullbacks suggest consolidation within a broader bullish channel, with key technical support forming near €199–200/mt.
• A stronger US dollar weighed on CBOT futures while a weaker euro supported European markets earlier in the week. Later euro strength pressured MATIF prices again, highlighting the growing role of currency movements in short-term grain price direction.
• Weather conditions remained mixed across key producing regions. Rain forecasts eased drought concerns in parts of the US Plains, while South American harvest progress benefited from drier conditions. Meanwhile, global production expectations remain robust, with the FAO projecting record grain output.
• EU wheat markets showed weakening cash basis despite stronger futures, while UK markets continued to widen the old/new crop carry as large old-crop stocks pressured nearby values. Farmer selling remained cautious amid high fertiliser and fuel costs.
  
  

Outlook
Markets appear set for continued volatility as traders balance supportive geopolitical risks and technical momentum against comfortable global supply outlooks. Currency fluctuations, fund positioning and weather during the Northern Hemisphere crop development period will likely drive short-term direction. Key watchpoints include MATIF’s €200/mt support, export demand and further developments in energy and geopolitical markets.

Malting Barley

Trading in malting barley has remained subdued again this week, with most maltsters indicating they will wait for clearer demand signals before committing to further coverage. Meanwhile, firm feed barley demand continues to narrow malting premiums, with the possibility that values could approach feed parity in certain regions in the near term. Looking further ahead, persistent wet conditions are restricting spring drilling progress, offering some underlying support to premiums. However, weak end-user demand suggests any significant premium recovery is unlikely unless quality concerns emerge or problems arise with other European malting crops.

Key Factors:

• Robust export demand for feed barley into EU and third-country destinations is steadily eating into the malting premium. As a result, many farmers are choosing to sell into the feed market rather than risk rejection from the malting pool, particularly given ongoing concerns around insect damage and reduced germination.
• Producers holding malting barley stocks could still benefit from a late-season price lift if strong feed demand tightens supply and continued germination losses lead to further downgrades.
• Some new crop activity has surfaced, with brewers securing portions of their forward requirements in recent weeks. However, demand for OND’26 remains particularly weak. Farmers targeting the malting market may therefore need to consider Jan–Mar ’27 positions when planning sales.
  
  

Outlook
Near-term price potential appears limited, as firm feed markets are likely to keep malting premiums compressed. Over the medium to longer term, however, new crop production risks remain a key variable. Any weather-related setbacks in major EU growing regions could quickly tighten the balance, meaning market attention will remain heavily focused on weather patterns in the coming months.

Feed Barley

Feed barley markets remain broadly steady, with old crop prices largely unchanged amid softer demand and higher freight costs, while new crop values have edged higher and improved planting conditions support expectations for the UK spring drilling campaign.

Key Factors:

• Despite the weekend’s Middle Eastern escalation and resulting rally in commodity prices, old crop feed barley values have remained stuck and are all but unchanged week on week.
• A sharp move higher in freight rates, in an already tight market, has weakened FOB prices with
• Globally, demand has taken a step back as values move higher, which has brought some sellers out the woodwork in N. EU deep sea ports and created a looser tone to what has been a tightly supplied market.
• Domestic values are drifting slightly as inclusion rates pare back on recently decreased competitiveness.
• New crop prices are maintaining a consistent spread to wheat, and are higher w/w as a result. We have seen some consumer coverage as buyers look to hedge some of the risk of further upside.
• Planting conditions are improving, and the UK’s spring drilling campaign will hopefully be well underway if conditions remain favourable.
  
  

Outlook
Old crop prices are expected to stay flat to slightly higher, if macro markets remain supported. New crop values are likely to continue to follow wheat fairly closely, and we see little risk to the downside for basis values, at least until the spring crop is established.

Rapeseed

Oilseed markets traded with a firmer but volatile tone this week, with geopolitics and energy markets firmly in the driving seat. Escalating tensions around the Strait of Hormuz injected a significant risk premium into crude oil, spilling into vegetable oil markets and supporting oilseed values. Currency also played a notable role, with a stronger US dollar and weaker euro lending support to European prices. While markets remain technically constructive overall, profit taking and mixed macro headlines created choppy day-to-day price action and leave us subject to potential corrections.

Key Factors:

• CBOT soybeans traded in a wide but broadly supported range this week. Geopolitical tensions initially helped sentiment, though comments from China later in the week that weighed on prices and triggered a pullback from early highs. South American harvest progress continues to act as a background influence, with Mato Grosso now over 78% complete, slightly behind last year but ahead of the five-year average. Rumours that Argentina could remove export taxes also created bearish undertones, potentially encouraging additional farmer selling. Later in the week, favourable weather forecasts across parts of South America added pressure, improving soil moisture outlooks. Chinese demand signals were mixed, with reports of more than ten cargoes of Brazilian beans purchased highlighting the relative price disadvantage of US origin. Technically the market remains supported near recent breakout levels, though rallies continue to encounter selling as funds and commercial players manage risk near resistance.

• Energy markets were the dominant external influence this week, with crude oil trading sharply higher on escalating geopolitical risk. Disruptions and threats around the Strait of Hormuz — a key route handling roughly 20–25% of global oil shipments — injected a strong risk premium into the market. At one stage crude traded over $9 higher intraday before settling back, illustrating the extreme volatility driven by headline risk. Iran’s threats to target vessels attempting to pass through the Strait reinforced fears of supply disruption, while limited spare capacity within the OPEC+ group raised questions over how quickly lost supply could be replaced. Later in the week, the US administration signalled efforts to reopen the shipping route, including risk insurance for maritime trade and naval support, which helped calm the market slightly. Despite this, crude still closed the week well supported, maintaining a technically bullish structure that continues to underpin global vegetable oil markets and, by extension, oilseed values.
• Canadian canola maintained a strong uptrend throughout the week, repeatedly pushing to fresh highs and confirming positive technical momentum. Futures broke above the key $693 resistance level early in the week, marking an eight-month high and opening the door to the psychologically significant $700 level. Strong domestic crush margins continue to provide a firm fundamental underpinning, supported by elevated vegetable oil values. Additional demand support came after China removed anti-discrimination tariffs on Canadian rapeseed meal, improving the outlook for crushers and export demand. Farmers have continued to sell into strength, but steady commercial demand has largely absorbed these volumes. The market’s structure remains technically constructive, though attention is now turning to Statistics Canada’s first 2026 acreage estimates, where expectations for a modest increase in planted area could influence sentiment in the near term.
• MATIF rapeseed followed the broader oilseed complex higher this week but with notable intraday volatility. Prices attempted several breaks above overhead resistance and Fibonacci retracement levels before fading into the close, reflecting a market balancing supportive external factors with technical hesitation. Early in the week the chart printed a bearish shooting star pattern, signalling potential exhaustion in the rally, although key support levels have so far held firm. Currency movements played an important role, with fluctuations in the EUR/USD driving much of the day-to-day price direction when underlying USD-denominated values remained relatively stable. A stronger US dollar and weaker euro generally supported European prices, while occasional euro recoveries briefly pressured futures. Despite these fluctuations, ex-farm values remain historically strong and continue to present attractive marketing opportunities for both old and new crop. For now the market appears to be consolidating within an upward trend channel, awaiting clearer direction from external markets and global oilseed supply signals.
  
  

Outlook
Looking ahead, oilseed markets remain highly sensitive to developments in crude oil and geopolitics around the Strait of Hormuz. Continued strength in energy markets should keep a firm floor under vegetable oils and crush margins. Soybeans will watch South American weather and Chinese demand signals closely, while canola traders focus on the upcoming Canadian acreage estimates. MATIF rapeseed remains technically supported but vulnerable to currency swings, meaning EUR/USD and outside markets will likely dictate short-term direction.

Oats

Market activity in oats continues to be quiet, with very little fresh demand emerging. Growers remain reluctant sellers at current price levels, which sit well below competing grain markets. At the same time, buyers appear comfortable holding firm on bids, taking advantage of the current supply dynamics rather than pushing prices higher.

Key Factors

• Export interest is beginning to reappear, with some EU and third-country buyers expected to step into the market ahead of the Easter period.
• Feed oat trade remains difficult, largely due to limited supply movement from the usual exporting regions in the Baltics and Scandinavia. However, emerging demand in Spain, combined with slow farmer selling, could influence price direction in the weeks ahead.
• In the UK, weak farmgate bids are slowing first-hand selling considerably. Many growers are choosing to either feed oats to livestock or hold stocks in anticipation of stronger new crop pricing.
• Ongoing wet weather has disrupted spring planting schedules, and with the optimal drilling window narrowing, there is growing concern over potential yield and quality impacts. That said, it remains early in the season; if conditions improve, growers may still have opportunities to drill in March.
  
  

Outlook
In the short term, oat prices appear relatively stable with limited downside pressure. As attention gradually shifts toward new crop prospects, weather developments and planting progress could become the key factors shaping market direction — potentially offering the support many growers and stockholders are hoping for.

Pulses

In a week of heightened geopolitical tensions and the spectre of a more widespread conflict extending across the Middle East, UK feed beans at least offer a modicum of stability, with another week of little movement in prices to either the up or downside, with Pulse markets again drifting with little impetus on old crop. Feed beans have few friends at these levels, although arguably the price is right considering the supply picture.

Key Factors:

• It feels like everyone may have just forgotten about the bean market and left it to decay at the back of a forgotten shed. In the week where we have seen the US and Israel engage in military action against Iran, who in turn retaliated with strikes across the Middle East, beans seem blissfully unaware. Despite this strategy of holding steady on the price, that does not change the equation for competitiveness. Beans remain c. £10–15/mt above workable inclusion levels on the nearby, whilst further forward they are c. £30–35/mt premium to alternative proteins such as rapeseed meal and soybean meal.

• The weather has turned, and it certainly feels like spring has sprung. With warmer temperatures and plenty of sunshine and wind currently across much of the UK, growers are out and about pushing the land work agenda. With Spring beans now being drilled at an ever increasing pace, it will be interesting to see where the new crop area ends up as the balance of SFI and other Spring crops is found. For those planning on drilling beans but stuck on the marketing options, our marketing Pool remains open for additional bean contracts — a useful route to manage exposure in what is often an illiquid and difficult-to-read market.
• The pea market continues to show limited momentum, with conditions broadly mirroring those seen in beans. UK demand remains subdued, while competitively priced Canadian origin peas continue to flow into the European market. Much of the trade’s focus remains on the evolving dynamic between Canada and China. Early shipments of Canadian yellow peas were reported ahead of Lunar New Year, and the coming weeks should provide greater clarity on whether Chinese buyers return more fully to their more traditional supply channels.
• Closer to home, buying interest in the UK is still relatively light as the market works through existing stocks before fresh demand is expected to develop. Pea buyback programmes have now concluded, but some growers are still assessing their new-crop marketing options. For those considering alternatives this spring, contracts for spring linseed remain available.
  
  

Outlook
Bean and pea markets remain subdued despite wider geopolitical tensions. Beans are still priced above competitive feed alternatives, limiting demand, while drilling progress raises questions over final spring area. Peas show similar inertia, with soft UK demand and Canadian supply dominating. Growers continue to weigh new-crop marketing options and alternative spring cropping choices.

PGRO membership provides valuable pulse agronomy resources and advisory support, with users of the PGRO resources often seeing improved yields.

Seed

As we move into the busy spring planting period, there are several key seed opportunities for growers to consider.

Key Factors:

• If you require fast delivery of spring seed, we currently have limited stocks on the floor, including Laureate, Lynx and a selection of other spring varieties.
• As maize drilling approaches, popular varieties are becoming more limited, however on the whole, availability remains good. For further details on our full range of varieties, please refer to our maize catalogue.
• If you are planning to establish grass leys, environmental mixtures, fodder beet or a wide range of small seeds this spring, please get in touch to discuss options and supply.

• Looking ahead to Autumn cropping, several exciting new varieties are available, including LG Defiance and KWS Fowlmere. As the earliest-maturing variety on the Recommended List and with class-leading specific weight among Group 4 hard wheats, Fowlmere offers growers a valuable combination of timeliness and performance. Its early harvest, strong yield potential and robust agronomic profile make it an excellent option for protecting grain quality, easing harvest pressure and strengthening rotation resilience. LG Defiance is also attracting considerable interest, combining market-leading yield potential with an impressive disease resistance package.
  
  

Outlook 
With strong options available for both this Spring and the coming Autumn, early planning and timely decisions will help ensure the best fit for your rotation and maximise crop performance.

£/€	£/$	€/$
1.1447	1.3489	1.1782

	Feed Barley £	Wheat £	Beans £	Oilseed Rape £
Mar26	145-155	162-172	195-205	435-445