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UK feed wheat fell £5/t in October, while soyameal declined to £364/t at the start of November from £388/t a month earlier. The lower ingredient prices reduced the spot cost of a basic layers’ ration by £13/t, although it remained nearly £30/t above a year earlier.
The article cites good crop reports, a large US soybean harvest and encouraging early results from Argentina’s wheat harvest, alongside uncertainty over Black Sea exports.
Improved crop prospects and ample US soybean supplies add pressure to wheat and soybean-meal prices, easing feed costs for buyers. Black Sea security and disrupted logistics could constrain export flows and limit further declines.
poultry.networkKen RandallNov 6, 2026After 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.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
