London feed wheat futures fell £11.25 a tonne over the week to £193.75 on Friday 23 October, according to AHDB. The decline followed reports of renewed peace talks that raised the prospect of Black Sea grain returning to market.
The prospect of more Black Sea grain supply weighs on European feed wheat values, which lowers the cost of feed ingredients for buyers.
After 80 past bearish geopolitics events, Wheat (SRW) moved a median -0.4% over 5 sessions (44% higher; middle half -1.4% to +1.9%), and -0.5% 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.