# Brexit deadline: Wheat, barley and oilseed markets realign for 'no deal' | The Scottish Farmer

> UK wheat and barley markets rose to new highs as buyers stock up on EU supplies before possible tariffs of up to 78 pounds per tonne from January 1, 2021. Nearby UK feed wheat futures were at 185 pounds per tonne, and the scarcity of wheat is supporting prices. Wheat is arriving at UK ports from several EU countries.

- Date: 2020-10-18 · published 2020-10-18T12:00:00.000Z
- Category: policy · region UK · magnitude medium
- Page: https://feedsoft.ai/events/12846-brexit-deadline-wheat-barley-and-oilseed-markets-realign-for-no-deal-the
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Possible post-Brexit tariffs raise the landed cost of imported feed grain and encourage forward buying, which lifts domestic and imported wheat and barley prices. The price impact depends on whether a trade deal is reached.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BARLEY | 2020-10-19 | 1 | +4.3% | 2.6 | UK wheat and barley rallied to new highs on pre-Brexit stockbuilding ahead of possible tariffs, a trade-flow and demand driver published just before the move that likely supported barley prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-01-22 | [Farming News - Weekly round up of the Wheat & OSR markets](https://feedsoft.ai/events/49086-farming-news-weekly-round-up-of-the-wheat-and-osr-markets.md) | +3.9% | +3.1% |
| WHEAT | 2022-05-16 | [Explainer: What India's u-turn on wheat exports means for world markets](https://feedsoft.ai/events/41430-explainer-what-india-s-u-turn-on-wheat-exports-means-for-world-markets.md) | +4.0% | -0.3% |
| WHEAT | 2021-06-02 | [Barley and corn tax hike revives demand for wheat exports from Russia: Refinitiv Agriculture — Latifundist.com](https://feedsoft.ai/events/46435-barley-and-corn-tax-hike-revives-demand-for-wheat-exports-from-russia-refinitiv.md) | +1.2% | -2.4% |
| WHEAT | 2021-01-19 | [Wheat holds near 6-1/2 year peak as focus stays on Russian export tax - Markets - Business Recorder](https://feedsoft.ai/events/49175-wheat-holds-near-6-1-2-year-peak-as-focus-stays-on-russian-export-tax-markets.md) | +3.5% | +2.0% |
| WHEAT | 2021-02-01 | [Wheat down 3-4 cents, corn up 1-3 cents, soy down 4-5 cents - Markets - Business Recorder](https://feedsoft.ai/events/5824-wheat-down-3-4-cents-corn-up-1-3-cents-soy-down-4-5-cents-markets-business.md) | -10.0% | -0.8% |

## Sources

- thescottishfarmer.co.uk: https://www.thescottishfarmer.co.uk/arable/18803723.brexit-deadline-wheat-barley-oilseed-markets-realign-no-deal/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.