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UK May-20 feed wheat futures closed at £150.55/t on February 25, down £2.20/t from the prior Friday. Declines followed coronavirus-driven market falls, large Russian and Ukrainian crop estimates, and a drop in Brent crude.
Concerns about reduced consumer spending and logistics disruption from the virus, plus larger Black Sea supply, are pushing European wheat and rapeseed lower and cutting feed input costs.
ahdb.org.ukFeb 26, 2020After 14 past disease events, Wheat (SRW) moved a median -0.3% over 5 sessions (29% higher; middle half -0.7% to +0.5%), and -0.8% over 20.
After 26 past bearish disease events, Crude Oil (Brent) moved a median -6.0% over 5 sessions (15% higher; middle half -13.3% to -2.0%), and -6.8% 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.
