Loading…
New-crop UK feed wheat prices have climbed to £143-£153/t for 2020 harvest as rain delays drilling in France, Germany and elsewhere. Trade estimates put the 2020 UK wheat crop at 10-12 million tonnes, and up to 1 million tonnes more of the 2019 crop is expected to be carried over.
Smaller expected UK crop and planting delays lift new-crop European feed grain values, though the carryover of old crop limits the rally.
fwi.co.ukSuzie HorneNov 13, 2019After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
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.
