
Feed ingredients are generally available on world markets but often do not arrive at the right time or place. Long-lasting low river water levels and Black Sea disruptions have pushed up logistics costs, and Euronext wheat rose from 225.50 to 236 euros per tonne between November 6 and 11.
European maize and rapeseed meal also became more expensive that week.
Higher freight and scarce Black Sea wheat supply tighten the availability of feed grains in Europe, supporting feed ingredient prices. Market experts expect no end to the price increase for now.
After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% 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.