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UK soymeal prices hit an all-time record of £466/t, and feed wheat reached £203/t, close to its prior record. Forecasts show UK wheat closing stocks could be the lowest in 37 years, and US soybean sales to China were three times the prior year's level.
Record soymeal and tight wheat stocks point to higher feed costs for buyers, with global maize and soy strength driving prices as Chinese demand and South American dryness tighten supplies.
cn-farmconstruction.comJan 25, 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.
