They are having a laugh as far as I can see. Worse case scenario 9 million tonnes, mid range 10.7 and best 12.6!!! I would say their mid range prediction would be a very best case scenario.http://link.ahdb.org.uk/m/1/45178595/p1-b20052-d760bd8ce41c4948a29b8f14b7fbbae7/2/764/b8a709ab-405c-4f8c-ab91-50a20d8675cb
AHDB 2020 production forecast published yesterday.
Snap I think £170 £180 is a good starting point and those waiting for £200 may have to wait a long time unless, as you say, the pound collapsesWe're a very long way from £200 wheat. Massive stocks, Lots of cheaper maize. 6-8 million tonnes less from our poor harvest isn't going to make it £200 unless the £ falls out of bed seriously. I'm still bullish to wheat & new crop's a hold IMO, just not that much.
You have deeper pockets than I...Group 1 will be £200 by Feb 2021. We are keeping harvest 19’s crop till then as we’ve nothing planted virtually for harvest 20 and won’t be paying silly money for spring seeds.