Loading…
UK feed wheat fell £2-3/t to about £165.5/t ex-farm, and feed barley fell further, widening the wheat-barley gap above £20/t. The decline followed aggressive French wheat export bids and weaker US futures on poor export statistics.
Brexit and US-China trade uncertainty added to the complexity.
Aggressive French export pricing signals ample EU supply, which pressures UK and European feed grain values. The wide wheat-barley spread also affects feed formulation choices.
fwi.co.ukSuzie HorneFeb 21, 2019After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
