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UK feed wheat futures for November 2022 closed at £309.50/t on 13 June, up £3.50 on the prior Friday. AHDB notes Ukraine's grain harvest is forecast at 48.5Mt versus 86Mt last year, and that barley remains tight in the UK while wheat balances ease on higher imports.
A forecast Ukrainian harvest drop and tight UK barley supplies support feed grain prices, while easing wheat balances cap gains in UK wheat.
ahdb.org.ukJun 14, 2022After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
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.
