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UK ex-farm feed wheat eased to £198.10/t on April 22, 2021, while barley rose £2.50/t to £162.70/t. Cold and dry US weather, Brazilian safrinha planting delays and dry conditions across the UK and Europe have pushed new-crop grain prices higher.
Weather-driven supply concerns and low global stocks support feed grain prices into the new crop. Barley's narrower discount to wheat may increase its appeal as a feed alternative.
ahdb.org.ukApr 28, 2021After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
