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UK feed-wheat and barley prices rose after the cost of imported maize climbed sharply, as US planting reached only 49% against a five-year average above 80%. The UK wheat futures contract for November 2019 reached about £150/t, its highest since late February.
A slow US maize crop and higher maize costs push feed buyers toward wheat and barley, lifting domestic cereal prices. Analysts expect maize use to fall back to average levels.
fwi.co.ukAndrew MeredithMay 21, 2019After 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.
After 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.
