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AHDB's market commentary says UK wheat futures eased while new-crop contracts reached a record high, and Paris rapeseed futures fell from their March peak. Markets were awaiting details of new Western sanctions on Russia and assessing drought in the US Plains.
The note also flags uncertainty over Ukrainian sunseed plantings and the duration of the conflict.
Uncertainty over Russian sanctions, Ukrainian planting and US Plains drought supports wheat and oilseed prices, even though the day's moves were mixed. Feed buyers should watch for supply disruptions that could keep new-crop wheat firm.
ahdb.org.ukApr 7, 2022Not 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.
