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UK barley is tightening the price gap with wheat, with the spread narrowing to an average of £9/t midweek from £13/t a week earlier. The UK barley crop is estimated at 6.7-6.9m tonnes versus 7.2m in 2017, and spot feed barley averaged £167.50/t ex-farm against feed wheat at £176.60/t.
A smaller UK barley crop alongside stronger brewing, malting and feed demand supports firm barley prices for feed buyers. Lower wheat output also keeps barley supported as a substitute.
fwi.co.ukSuzie HorneAug 16, 2018Not enough comparable past events yet for a historical read.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
