In China, average prices for wheat bran, standard flour, and wheat middlings rose by 4.38, 1.88, and 2.50 yuan per tonne, respectively, from the previous trading day. Mill operating rates were subdued, limiting byproduct supply; some buyers made small restocking purchases and some large mills raised prices, although downstream demand remained weak overall.
Reduced milling activity is constraining supplies of wheat byproducts and supporting prices despite lacklustre demand. This may modestly increase costs for feed buyers using wheat middlings and bran.
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.