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UK feed wheat futures rose to a near two-week high, with the May-20 contract closing at £157.20/t. The discount to Matif milling wheat widened to a contract record before partly recovering.
The article says the 2019/20 barley surplus was large, with free stocks of 763Kt still left in February, over 200Kt more than a year earlier.
Large remaining old-crop barley stocks and slow export pace point to continued pressure on feed barley values, though dry conditions in the Black Sea may limit downside.
ahdb.org.ukApr 23, 2020Not 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.
