# Weekly Commodity Report 29th July 2019 | Wynnstay Humphrey Feeds & Pullets | Advancing Poultry Performance

> Weekly UK feed commodity report says sterling has fallen to its lowest level against the dollar in over two years after Boris Johnson's appointment and rising no-deal Brexit risk. UK November wheat futures ended the week at £147.5/t, and the IGC cut its world wheat crop forecast by 6 Mt to 763 Mt.

- Date: 2019-07-29 · published 2019-07-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/58163-weekly-commodity-report-29th-july-2019-wynnstay-humphrey-feeds-and-pullets
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker pound supports UK wheat prices and could bring forward UK cereal exports, while the lower IGC world crop estimate adds modest global wheat support.

## Read by commodity

- WHEAT: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-03-20 | [Commodity weekly \| Saxo](https://feedsoft.ai/events/7426-commodity-weekly-saxo.md) | -6.6% | -2.9% |
| WHEAT | 2020-03-24 | [Commodities Report Hensall Co-op](https://feedsoft.ai/events/6174-commodities-report-hensall-co-op.md) | +3.1% | +2.6% |
| WHEAT | 2021-05-07 | [Fed's super-easy policy likely to stick after weak jobs report](https://feedsoft.ai/events/47007-fed-s-super-easy-policy-likely-to-stick-after-weak-jobs-report.md) | +3.7% | -2.0% |
| WHEAT | 2023-03-17 | [As commodity prices slide, dairies brace for collapsing farmgate milk prices](https://feedsoft.ai/events/36864-as-commodity-prices-slide-dairies-brace-for-collapsing-farmgate-milk-prices.md) | -3.7% | -6.8% |
| WHEAT | 2021-04-01 | [Are We Witnessing the Start of a New Commodities Supercycle?](https://feedsoft.ai/events/48022-are-we-witnessing-the-start-of-a-new-commodities-supercycle.md) | +0.2% | +4.6% |

## Sources

- feedsandpullets.co.uk: https://www.feedsandpullets.co.uk/poultry-performance-centre/2019/8/1/weekly-commodity-report-29th-july

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.