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UK feed wheat and rapeseed futures rose on December 9, with the Nov-25 wheat contract closing at £189.40/t. UK barley demand from brewers, maltsters and distillers fell 9.7% year on year from July to October, while barley exports were far slower than last season.
Feed usage is rising because barley is priced low relative to wheat.
Weaker malting and export demand leaves more barley for feed, which caps UK barley values against wheat and maize. Barley's price discount to wheat supports feed-sector usage.
ahdb.org.ukDec 10, 2024Not 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.
