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UK oat milling rose 3% year on year to 275Kt in July-December 2020, helped by higher oat flake exports that nearly doubled to 49Kt. Feed wheat futures rose on global wheat gains and a SovEcon cut to Russian wheat, while USDA outlook forecasts for larger US corn and soybean plantings pushed those crops lower.
Stronger UK oat product exports support oat demand, while USDA acreage expectations for larger corn and soybean crops weigh on those markets and the Russian crop cut supports wheat.
ahdb.org.ukFeb 19, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
