Loading…
UK milling wheat rose 3.6% month on month to £145 per tonne after UK production for 2016/17 was forecast down 12% year on year. EU milling wheat also increased on concerns that cold weather in Eastern Europe may have damaged crops, while Canadian prices rose on Alberta weather concerns.
Lower UK output and weather-related crop risk in Europe and Canada tighten milling wheat supplies and support global wheat prices.
bakeryinfo.co.uk2017-03-14T00Mar 14, 2017After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
