# Will barley’s large discount to wheat continue for the 2021/22 marketing year? Analyst Insight | AHDB

> AHDB notes UK wheat futures gained on US crop tour damage and wet European harvest weather, with SovEcon cutting Russian 2021/22 wheat export forecast by 1.3Mt to 37.1Mt. It also reviews barley's record discount to wheat in 2020/21 and expects that discount to narrow as UK wheat output rises and barley falls.

- Date: 2021-07-29 · published 2021-07-29T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/46128-will-barley-s-large-discount-to-wheat-continue-for-the-2021-22-marketing-year
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Smaller Russian export availability and EU quality worries support wheat, while a narrower wheat-barley discount would reduce barley's appeal as a feed substitute.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: neutral

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/will-barley-s-large-discount-to-wheat-continue-for-the-2021-22-marketing-year-analyst-insight

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.