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NIGTA chief executive Robin Irvine says UK barley and wheat prices have risen over £20/t since August harvest start, driven by Chinese purchases of US corn and soybeans and fund buying. He says maize rose £35-40/t for local buyers and that barley is attracting more feed interest as the best-value cereal.
Strong Chinese demand and fund buying lift corn and wheat costs for feed producers, and barley's relative value gains could increase its feed use and support its price.
farminglife.comThe NewsroomOct 24, 2020After 729 past bullish trade events, CORN moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 431 past bullish trade events, WHEAT 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.
After 696 past bullish trade events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
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.
