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South Korea, Thailand and the Philippines issued four feed wheat tenders closing Jan. 22 for April–October shipment.
Australia is expected to be the most competitive origin, since South American and US supplies are past their window and EU new crop has not arrived. Traders say prices are unlikely to fall much further.
Concentrated Australian supply to Asia sets a price floor for feed wheat, supporting import costs for Asian feed millers. Limited competing origins for these windows keep prices steady.
spglobal.comJan 22, 2025After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% 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.
