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UK feed market commentary says domestic wheat prices stayed relatively firm through April despite pandemic pressures. US maize prices fell as ethanol demand dropped.
The April USDA report raised wheat and maize ending stocks, and European wheat prices rose after some Black Sea countries moved to restrict exports.
Larger US stocks and weaker ethanol-linked corn demand add surplus grain for feed use, keeping feed grain prices under pressure. Black Sea export restrictions offer partial support to European wheat.
ahdb.org.ukApr 29, 2020Not enough comparable past events yet for a historical read.
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.
