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An EU feed industry analysis says maize and wheat competitiveness rebounded month-on-month for 2024/25, with total cereal use in EU-27 feed forecast lower on a weak 2024 wheat harvest. Soymeal use in feed is revised higher as it becomes more competitive against wheat and rival oilmeals.
Stronger soymeal demand in the EU supports SBM prices, while reduced wheat feed use reflects tighter wheat availability after the disappointing harvest.
expanamarkets.comNick WoodJan 15, 2025Not enough comparable past events yet for a historical read.
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.
