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The UK basic layers ration rose £3/tonne as feed wheat jumped £12/tonne over a month on dry-weather concerns and a weaker pound against the dollar. Soya fell £21/tonne after a South American truckers' strike disrupted exports and Argentina became a net soya importer after drought.
Dry weather in major wheat exporters and tight UK supply support feed wheat prices, while disruption and weak Argentine supply shape soya meal costs for feed buyers.
fwi.co.ukKen RandallJun 26, 2018After 1,072 past bullish weather events, WHEAT moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
After 363 past bearish weather events, SOY moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 118 past bearish weather events, SBM moved a median -0.8% over 5 sessions (35% higher; middle half -3.2% to +0.4%), and -1.6% over 20.
After 156 past neutral events of any kind, USDBRL moved a median +0.3% over 5 sessions (56% higher; middle half -0.9% to +1.4%), and +0.4% 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.
