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UK feed wheat November futures fell about £4.20/t over two days to £144.50/t after the French farm ministry estimated soft wheat at 37Mt, up 8.5% year on year, and barley at 8.7Mt. FranceAgriMer also raised its 2018/19 wheat and barley ending stock estimates.
A larger French crop and higher ending stocks add to European supply and push feed wheat and barley values lower.
ahdb.org.ukJul 10, 2019After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), 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.
