Loading…
Ex-farm UK feed wheat prices averaged £232/t, up £13 on the week, after volatile trading tied to the Russia-Ukraine conflict. May 2022 feed wheat futures peaked at £260/t on 24 February before falling to £237/t, and Paris rapeseed futures also swung sharply.
Global exporter stocks are historically low and haulage rates are rising, so UK feed wheat and barley prices stay firm and regional premiums widen.
fwi.co.ukCharlie ReeveFeb 25, 2022After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% 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.
Russia's invasion of Ukraine (two major barley and wheat exporters) triggered a limit-up grain rally and extreme volatility, which plausibly drove the sharp barley jump through a supply-risk and sentiment channel.
