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The first 2019 standing straw auctions saw prices fall by more than half from 2018 levels, with winter wheat straw averaging £54/acre versus £140 and winter oat straw at £47 versus £129. Straw crops are estimated 10-20% heavier than last year.
Lower straw prices reflect ample supply and reduce feed-forage costs for livestock buyers, a bearish signal for roughage values.
fwi.co.ukIsabel DaviesJul 3, 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.
