Feed wheat vs milling wheat on FOB Black Sea
Feed wheat is the Black Sea lot that does not make a 12.5% bread spec — lower protein, used in rations or as a cheap blender. Buyers who type feed wheat FOB Black Sea want this row, not the milling chart. The 2026 mid ran 217.5–232.5 and prints 217.5 USD/MT on 15 August, five dollars under Russian milling 12.5% on the same date.
That spread is the point of keeping two wheat series. A mill that needs gluten should stay on 12.5% milling wheat. A feed desk comparing energy against barley and maize belongs here. We do not treat this line as a substitute for the export milling grade.
This week’s board: Black Sea grain prices. To lift a feed-wheat stem, contact the desk.