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UK feed wheat futures for November 2021 closed at £194.15/t, while delivered UK milling wheat premiums rose to £36.50/t over feed, which is £19.86/t above the five-year average. Freight difficulties and Gulf Coast disruption from Hurricane Ida are tightening domestic supplies.
Paris December milling wheat futures were almost at a contract high.
Tight UK quality wheat and difficult freight support domestic premiums and keep European wheat firm. Continued logistics strain from Ida limits US export flows, supporting global wheat prices.
ahdb.org.ukSep 28, 2021Not enough comparable past events yet for a historical read.
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.
