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UK feed wheat futures closed at £146.35/t on the prior day, down £1.60/t, with the 20-day average nearing a break below the 100-day average. The US winter wheat harvest was 69% complete, behind last year's pace, and Ukrainian yields were reported slightly higher than last season.
Harvest progress and favorable Ukrainian and US yields point to ample global wheat supply, pressuring feed wheat prices lower.
ahdb.org.ukJul 23, 2019Not 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.
