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AHDB's latest UK cereal supply and demand estimates revise the 2021/22 wheat balance up to 2.164Mt on higher imports and lower bioethanol demand, though it remains the third tightest on record. Exports are forecast to more than double to 500Kt, and closing stocks leave only about 164Kt of free stock.
UK May-22 feed wheat settled at £311.00/t, with rising feed costs weighing on animal feed demand.
A tight UK balance and strong export pace support UK wheat and barley prices, while higher feed costs squeeze livestock feed demand.
ahdb.org.ukMar 24, 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.
