# Analyst Insight: A look at feed markets | AHDB

> Russia's agriculture ministry cut its 2020/21 total grain harvest forecast to 120 Mt, down 5.3 Mt, citing dry weather in key regions. UK new-crop wheat rose on the day, and US soybean futures climbed to a one-week high.

- Date: 2020-05-21 · published 2020-05-21T12:00:00.000Z
- Category: weather · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/53299-analyst-insight-a-look-at-feed-markets-ahdb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A smaller Russian crop tightens global wheat supply and supports feed wheat prices, while lower UK feed demand is a counterweight.

## Read by commodity

- SOY: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-06-22 | [Analyst Insight: Rapeseed market influences – where next for soyabeans? \| AHDB](https://feedsoft.ai/events/9770-analyst-insight-rapeseed-market-influences-where-next-for-soyabeans-ahdb.md) | +7.6% | -0.3% |
| WHEAT | 2021-10-14 | [Analyst Insight: La Niña could keep domestic wheat prices supported going into 2022 \| AHDB](https://feedsoft.ai/events/44470-analyst-insight-la-nina-could-keep-domestic-wheat-prices-supported-going-into.md) | +1.3% | +9.2% |
| WHEAT | 2020-10-19 | [Global markets look firm as WA heads into harvest: CBH - Grain Central](https://feedsoft.ai/events/12843-global-markets-look-firm-as-wa-heads-into-harvest-cbh-grain-central.md) | +1.2% | -1.1% |
| WHEAT | 2021-07-29 | [Weather adds uncertainty to global grain markets: Feed market report \| AHDB](https://feedsoft.ai/events/46176-weather-adds-uncertainty-to-global-grain-markets-feed-market-report-ahdb.md) | +2.2% | +2.5% |
| WHEAT | 2023-06-30 | [Tight outlook for EU barley next season? Grain market daily  \| AHDB](https://feedsoft.ai/events/35556-tight-outlook-for-eu-barley-next-season-grain-market-daily-ahdb.md) | -8.4% | -8.3% |
| SOY | 2023-06-22 | [Analyst Insight: Rapeseed market influences – where next for soyabeans? \| AHDB](https://feedsoft.ai/events/9770-analyst-insight-rapeseed-market-influences-where-next-for-soyabeans-ahdb.md) | -4.2% | -1.3% |
| SOY | 2017-06-09 | [Weather fears bolster grain markets against](https://feedsoft.ai/events/70424-weather-fears-bolster-grain-markets-against.md) | -0.3% | +6.2% |
| SOY | 2021-04-23 | [EU wheat, rapeseed at fresh highs in grain surge - Markets - Business Recorder](https://feedsoft.ai/events/10292-eu-wheat-rapeseed-at-fresh-highs-in-grain-surge-markets-business-recorder.md) | +0.6% | 0.0% |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/a-look-at-animal-feed-markets-analyst-insight

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