Loading…
UK bread wheat and malting barley premiums over feed grades remain historically high, with the malting premium setting a September record. Nov-23 UK feed wheat futures closed at £186.55 per tonne.
Global wheat prices edged higher on Gaza concerns and Southern Hemisphere dryness.
High premiums reflect tight demand for quality grades, which keeps feed wheat and barley costs relatively lower than milling and malting grades. Feed buyers may benefit from the spread between feed and premium grades.
ahdb.org.ukOct 10, 2023Not 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.
