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UK feed wheat futures for November 2022 closed at £277.00 a tonne on June 28, recovering part of earlier losses. Gains followed Chicago and Paris, supported by lower US crop ratings with 67% of corn and 65% of soybeans rated good-to-excellent as of June 26, and by renewed demand at lower global prices.
Deteriorating US crop ratings and firm global demand support feed grain prices, though volatility persists with harvest pressure and economic worries.
ahdb.org.ukJun 29, 2022After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
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.
