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UK May-25 feed wheat futures closed below support at £186/t for two weeks and hit a new low at £178.50/t. Chicago wheat fell 8% and Paris milling wheat 2.8% on easing weather concerns and US tariff uncertainty.
US net wheat export sales for the week to February 20 came in at 269 Kt, below trade expectations.
Weak US export sales and tariff uncertainty weigh on UK and global wheat prices, with oversold technicals suggesting limited further downside.
ahdb.org.ukMar 3, 2025Not 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.
Dated March 3, it reports Chicago wheat weakness from easing weather concerns and tariff uncertainty, plus weak US export sales, all of which fit the one-day drop.
