Prices hit record highs at the beginning of the year, and while the main focus for specialist traders is in the United States, a deteriorating drought in Europe could yet spark deep concern.
While European Commission agriculture spokesman Roger Waite acknowledges a "slight" rise in the prices of maize and wheat, he maintained that winter crops remain "generally in good condition."
A spokeswoman for European farmers federation Copa-Cogeca said it was too soon to draw conclusions, but Belgian farmer Guy Franck, who heads a dairy collective in French-speaking Wallonia, says gut instinct tells him worse is yet to come.
"I've been in this game for 30 years, I've never seen a month of April like this one," he said.
"Everything with short roots is seriously dehydrated," he warned."
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