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AHDB's latest UK cereal balance raises the 2021/22 wheat supply-demand estimate but leaves the season very tight, with closing stocks well below operating needs. Ukraine volatility is affecting trade forecasts, and rising feed costs are weighing on animal feed demand.
A tight UK wheat balance and higher feed costs support UK feed wheat prices and push feed users to reconsider rations.
farming.co.ukMar 25, 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.
