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UK May-23 feed wheat futures closed at £241.00/t, down £5 on the day, and Paris rapeseed fell to €592.50/t. Global wheat fell on heavy Russian export competition and mixed US crop conditions, while insurance rates for Russian shipping rose sharply.
Abundant Russian wheat supply is pressuring global wheat prices, and higher shipping insurance could constrain Russian export flows. Feed wheat and rapeseed meal costs are under downward pressure for now.
ahdb.org.ukJan 5, 2023After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
