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UK feed wheat futures fell slightly while Chicago wheat was supported by export demand, including a Japanese tender. China's 80.5% tariff on Australian barley is hurting Australian producers, who exported about 4 million tonnes a year to China.
Rapeseed prices rose on tight EU supply and South American weather concerns, and sunflower seed prices are also climbing.
China's barley tariff diverts demand to alternative origins, supporting prices in France, Ukraine, Argentina and Canada, while sunflower strength could lift rapeseed and sunflower meal values.
ahdb.org.ukNov 17, 2020Not enough comparable past events yet for a historical read.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
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.
