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UK wheat exports for 2024/25 are forecast at 175 kt, down 32% year on year and the lowest since at least 2000. UK feed wheat futures rose on a 0.9 Mt cut to Russia's export forecast by SovEcon and on US cold-weather crop concerns.
Rapeseed futures also gained.
Lower UK exports and a cut to Russian export forecasts tighten European feed supplies, supporting EU wheat and feed prices.
ahdb.org.ukJan 31, 2025After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
