Cheap feedwheat is starting to draw the attention of maize buyer according to grain industry sources.

Cheap feedwheat is starting to draw the attention of maize buyer according to grain industry sources. In the past fortnight, wheat prices reportedly undercut maize in sales to southern Korea and the Philippines, rubbing in the deliberate US maize export pace and questioning seasonal trade forecasts for this grain the two for 2003/4 and 2004/5.

Last season, world feedwheat consumption pitiless by 12.5mt to a 4-year soft of just under 100mt as small European/FSU harvests pinched supplies. Most of the feeding decline was in these sum of two units regions.

This year, however feedwheat clips are recovering steeply across