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Ex-farm UK feed wheat prices averaged £232/t, up £13 on the week, after volatile trading tied to the Russia-Ukraine conflict. May 2022 feed wheat futures peaked at £260/t on 24 February before falling to £237/t, and Paris rapeseed futures also swung sharply.
Global exporter stocks are historically low and haulage rates are rising, so UK feed wheat and barley prices stay firm and regional premiums widen.
fwi.co.ukCharlie Reeve2022年2月25日在过去 361 次看涨的地缘政治事件之后，小麦(SRW) 在 5 个交易日内中位数变动 +0.7%（58% 上涨；中间一半区间为 -1.4% 至 +3.7%），20 个交易日内为 +1.3%。
历史可比事件尚不足，暂无法给出历史解读。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
Russia's invasion of Ukraine (two major barley and wheat exporters) triggered a limit-up grain rally and extreme volatility, which plausibly drove the sharp barley jump through a supply-risk and sentiment channel.
