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AHDB reported that UK feed wheat futures fell £3.45/t since late September to £138.00/t, with Defra estimating 2017 UK wheat output at 15.2Mt and barley at 7.36Mt. Chicago soybean prices rose after the USDA trimmed its US yield forecast.
Larger UK wheat and barley crops ease feed grain prices in Britain, while the USDA soybean yield cut provides modest support for global oilseed and meal prices.
pig-world.co.ukChloe RyanOct 31, 2017After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.
