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UK feed wheat futures for May 2025 fell £15/t over three weeks to £174.55/t, reflecting better weather in the US, South America and the Black Sea. Malting barley is steady on a large carry-in, but brewing and malting demand is forecast to decline.
Favourable crop weather and weak demand point to soft UK feed grain values, although seasonal patterns may offer some summer support.
fas.scotMar 11, 2025After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
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.
