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UK feed prices are rising into winter as November 2026 London feed wheat futures reached a season high of £219.25/t before settling at £215/t on September 8. AHDB's analyst blamed renewed Russia-Ukraine conflict for slower grain exports from the region in August.
Concerns over US soybean and maize crops after a hot, dry July and August add to the pressure.
Reduced Black Sea export flows and possible US crop shortfalls tighten global grain supply, which lifts feed ingredient costs and squeezes livestock margins.
fwi.co.ukPhillip ClarkeSep 9, 2026After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% over 20.
After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% over 20.
After 34 past bullish geopolitics events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +3.5%), and +1.2% 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.
