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AHDB's weekly arable report says Black Sea supplies and large Australian crops are bearish near term, while the Ukraine conflict keeps some support in prices. Algeria, believed to have bought around 480-540Kt of wheat, and Syria, which imported about 500Kt from Crimea, are active buyers.
Maize has some demand support, and barley tracks a tight supply balance.
Competitive Black Sea wheat is pressuring European and global prices, while tight barley supply limits downside. Feed buyers can expect range-bound wheat and steady barley costs.
ahdb.org.ukDec 19, 2022Not 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.
