Grain prices rose this week, with wheat on Matif recovering above 235 euros per tonne after a four-month low. Soymeal and rapeseed meal also became more expensive, and supply of protein-rich feed ingredients remains limited.
Algeria bought at least 700,000 tonnes of wheat, and the USDA report lowered US corn production and stock estimates.
Lower US corn supply estimates and Algerian wheat demand support prices, while uncertain Black Sea exports limit wheat availability. Scarce protein meals keep feed costs high for European buyers, although larger expected Argentine and Australian wheat crops may cap gains.
Not 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.
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.