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Farmers Weekly reports that UK feed wheat fell £1.20/t and soyameal fell £3/t during September, leaving the basic layers ration down £2/t. It says prevailing trends are bearish for wheat and soya on high global stocks, with USDA figures showing US wheat and maize stocks above expectations.
Higher-than-expected global stocks and a bearish trend point to softer feed grain and soymeal prices, which should ease ration costs for UK layer producers.
fwi.co.ukKen RandallOct 29, 2018After 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.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
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.
