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UK feed suppliers advise livestock farmers to fix feed costs by contract because ingredient prices have risen after a year of lows. Wheat futures climbed £10-13/t on rain delaying drilling and expectations of a smaller crop, and the UK maize harvest has been delayed by rain.
Rising UK wheat and maize prices and a possible tighter supply next year lift the cost of feed for UK livestock producers.
fwi.co.ukAndrew MeredithNov 20, 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.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
