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UK May 2018 feed wheat futures were around £141.50/t and November 2018 about £143/t, with the annual trading range at a 12-year low in 2017. Global stocks of maize and soybeans were large and wheat crops bigger than expected, keeping markets subdued.
Low volatility and large global stocks keep wheat prices steady, offering buyers stable pricing with limited upside absent a supply shock.
thescottishfarmer.co.ukKen FletcherJan 13, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
