# Local feed prices are likely to remain firm for foreseeable future

> Northern Ireland grain trade sources say feed prices will stay firm. Strategie Grains projects U.S. soymeal shipments to the EU rising about 80 percent to 1.2 million tons as Brazil sells more feed to China, and European wheat prices reached a five-year high on drought and heat.

- Date: 2018-08-26 · published 2018-08-26T12:00:00.000Z
- Category: trade · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/63606-local-feed-prices-are-likely-to-remain-firm-for-foreseeable-future
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower U.S. soymeal prices draw EU buyers while European drought lifts wheat and barley costs, keeping European feed prices high.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-08-23 | [Brazilian FOB soybean oil prices likely to remain at unusual discount to Argentina’s FOB - Fastmarkets](https://feedsoft.ai/events/40123-brazilian-fob-soybean-oil-prices-likely-to-remain-at-unusual-discount-to.md) | +2.8% | -3.5% |
| SBM | 2025-09-30 | [Oilseed prices fall to lowest levels in months](https://feedsoft.ai/events/22992-oilseed-prices-fall-to-lowest-levels-in-months.md) | +0.7% | +12.8% |
| SBM | 2018-07-08 | [China’s demand for protein could increase rapeseed prices  : The Daily Digest](https://feedsoft.ai/events/64131-china-s-demand-for-protein-could-increase-rapeseed-prices-the-daily-digest.md) | -3.2% | -2.1% |
| SBM | 2023-04-05 | [China's soybean demand likely to remain soft until May amid poor crush margins](https://feedsoft.ai/events/36386-china-s-soybean-demand-likely-to-remain-soft-until-may-amid-poor-crush-margins.md) | +0.2% | -6.0% |
| SBM | 2025-12-16 | [Decline in EU Rapeseed Meal Prices Amid Record Imports](https://feedsoft.ai/events/21606-decline-in-eu-rapeseed-meal-prices-amid-record-imports.md) | -1.3% | -3.9% |
| WHEAT | 2021-02-04 | [Fundamental, Technical Factors Lifted U.S. Wheat Futures Prices](https://feedsoft.ai/events/48674-fundamental-technical-factors-lifted-u-s-wheat-futures-prices.md) | -0.2% | +11.9% |
| WHEAT | 2025-01-21 | [Export prices for barley in Ukraine reached the level of corn and feed wheat prices](https://feedsoft.ai/events/26576-export-prices-for-barley-in-ukraine-reached-the-level-of-corn-and-feed-wheat.md) | +3.4% | +5.7% |
| WHEAT | 2018-10-29 | [Futures fight to extend rebound](https://feedsoft.ai/events/62621-futures-fight-to-extend-rebound.md) | +0.2% | -4.4% |

## Sources

- farminglife.com: https://www.farminglife.com/news/local-feed-prices-are-likely-to-remain-firm-for-foreseeable-future-1389942

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