# Animal feed raw materials are expensive

> European feed raw material prices are rising, with the euro weakening below 1.10 dollars making overseas purchases costlier. Soybean prices came under pressure amid coronavirus fears for China's economy, while rapeseed meal and sunflower meal are tight and corn and barley relatively cheap. Wheat prices have risen sharply in Europe on strong exports.

- Date: 2020-09-25 · published 2020-09-25T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/51220-animal-feed-raw-materials-are-expensive
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker euro raises the euro cost of imported protein meals and grains, squeezing European feed buyers. Tight rapeseed and sunflower meal supply supports those meal prices, while cheap corn and barley offer substitution value.

## Read by commodity

- SBM: bullish ▲
- CORN: neutral
- WHEAT: bullish ▲
- BARLEY: neutral
- EURUSD: bearish ▼
- CANMEAL: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-09-24 | [Prairie cash wheat: External factors raise bids - AgCanada](https://feedsoft.ai/events/39635-prairie-cash-wheat-external-factors-raise-bids-agcanada.md) | +0.6% | -10.1% |
| WHEAT | 2021-05-07 | [Fed's super-easy policy likely to stick after weak jobs report](https://feedsoft.ai/events/47007-fed-s-super-easy-policy-likely-to-stick-after-weak-jobs-report.md) | +3.7% | -2.0% |
| WHEAT | 2021-04-30 | [Inflationary Signs Are Everywhere In The Commodities Market \| Investing.com](https://feedsoft.ai/events/47516-inflationary-signs-are-everywhere-in-the-commodities-market-investing-com.md) | -5.5% | -5.0% |
| WHEAT | 2026-03-04 | [FAO Food Price Index rises in March as Near East conflict raises energy costs](https://feedsoft.ai/events/12573-fao-food-price-index-rises-in-march-as-near-east-conflict-raises-energy-costs.md) | +1.0% | +2.1% |
| WHEAT | 2026-09-01 | [Interest rate outlook directing grain price potential](https://feedsoft.ai/events/17813-interest-rate-outlook-directing-grain-price-potential.md) | +0.8% | +0.1% |
| CORN | 2026-08-01 | [Economist sees growing risk for tighter feeder cattle margins in 2027](https://feedsoft.ai/events/18480-economist-sees-growing-risk-for-tighter-feeder-cattle-margins-in-2027.md) | -0.6% | +10.8% |
| CORN | 2022-05-25 | [What's in Store for the 2022 Feeder Cattle Market?](https://feedsoft.ai/events/5071-what-s-in-store-for-the-2022-feeder-cattle-market.md) | -2.8% | -3.7% |
| CORN | 2021-06-30 | [Animal health in Vietnam's livestock development - part 1: overview \| Agroberichten Buitenland](https://feedsoft.ai/events/46453-animal-health-in-vietnam-s-livestock-development-part-1-overview-agroberichten.md) | -0.4% | -10.6% |

## Sources

- tridge.com: https://www.tridge.com/news/animal-feed-raw-materials-are-expensive

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