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AHDB published updated UK supply and demand estimates for wheat, barley, maize and oats for 2023/24, with only minor changes to domestic usage. Wheat imports are forecast at 2.175 Mt, up 60% year on year, which affects how much grain carries into 2024/25.
Nov-24 UK feed wheat futures slipped £1.55/t to £222.00/t.
Higher wheat imports and a revised carryout shape UK feed grain balances, but the small futures decline mainly reflects profit-taking after the Russian-crop rally.
mainsitelive.azurewebsites.netMay 30, 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.
