# UK feed wheat price rises after surprise in global market - Farmers Weekly

> UK feed wheat futures for November 2021 rose from £161.25/t to £164.5/t after a USDA report on March 31 showed lower-than-expected US corn and soybean plantings. US soybean stocks on March 1 were down 31% year on year. Wheat planted area was broadly in line with estimates.

- Date: 2021-04-01 · published 2021-04-01T12:00:00.000Z
- Category: report · region UK · magnitude medium
- Page: https://feedsoft.ai/events/47552-uk-feed-wheat-price-rises-after-surprise-in-global-market-farmers-weekly
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Smaller-than-expected US corn and soybean area tightens feed grain supply and supports feed wheat prices. Traders noted the numbers were hard to reconcile with earlier USDA guidance.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2021-03-30 | 1 | +5.1% | 3.7 | Confirms the USDA report showed lower-than-expected soybean plantings and 31% lower March 1 stocks, a bullish supply surprise. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-09-12 | [Wheat prices strengthened by lower global production - Farmers Weekly](https://feedsoft.ai/events/34146-wheat-prices-strengthened-by-lower-global-production-farmers-weekly.md) | +0.9% | -1.2% |
| WHEAT | 2017-01-21 | [Wheat and oilseed rape prices rise as pound remains weak - Farmers Weekly](https://feedsoft.ai/events/73055-wheat-and-oilseed-rape-prices-rise-as-pound-remains-weak-farmers-weekly.md) | -1.3% | +4.1% |
| WHEAT | 2020-07-24 | [Global wheat surplus shrunk by IGC: Grain Market Daily \| AHDB](https://feedsoft.ai/events/52147-global-wheat-surplus-shrunk-by-igc-grain-market-daily-ahdb.md) | +0.7% | -1.5% |
| WHEAT | 2024-06-12 | [Tighter Black Sea wheat supplies disrupt global export market \| Feed & Grain](https://feedsoft.ai/events/14292-tighter-black-sea-wheat-supplies-disrupt-global-export-market-feed-and-grain.md) | -2.1% | -3.3% |
| WHEAT | 2020-12-16 | [Global wheat prices rises despite record stocks \| Miller Magazine](https://feedsoft.ai/events/49698-global-wheat-prices-rises-despite-record-stocks-miller-magazine.md) | +0.7% | +6.9% |
| CORN | 2022-03-09 | [Global bean, cotton, corn stocks cut, wheat increased - Pro Farmer](https://feedsoft.ai/events/42241-global-bean-cotton-corn-stocks-cut-wheat-increased-pro-farmer.md) | +3.3% | +10.3% |
| CORN | 2022-07-05 | [Impacts and Repercussions of Price Increases on the Global Fertilizer Market](https://feedsoft.ai/events/40415-impacts-and-repercussions-of-price-increases-on-the-global-fertilizer-market.md) | +1.9% | -14.6% |
| CORN | 2026-03-04 | [U.S. Fertilizer Prices Rise in February 2026 as Urea Leads Nitrogen Market Surge](https://feedsoft.ai/events/5104-u-s-fertilizer-prices-rise-in-february-2026-as-urea-leads-nitrogen-market-surge.md) | +0.3% | +4.7% |

## Sources

- fwi.co.uk: https://www.fwi.co.uk/business/markets-and-trends/crop-prices/uk-feed-wheat-price-rises-after-surprise-in-global-market

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