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UK feed wheat futures for November delivery closed at £134.75 per tonne, while Paris rapeseed futures closed at €381.50 per tonne. The UK faces a large barley surplus that would normally go to Europe, and a no-deal Brexit could require it to price competitively against Black Sea and French exporters in non-EU markets.
A large UK barley surplus and the need to price against Black Sea origins in third-country markets pressure European barley and feed wheat values, linking UK export prices closely to Black Sea levels.
ahdb.org.ukSep 12, 2019Not enough comparable past events yet for a historical read.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% 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.
