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Rain in Europe this week brought relief to dry wheat belts, though analysts said more moisture is needed to stop the harvest shrinking further. The European Commission had cut its EU common wheat forecast to 121.5 million tonnes, and traders expect a French soft wheat crop of 32-33 million tonnes versus 39.5 million last year.
Germany's rain was also welcome, though it needs more in the east.
Rain stabilizes the EU crop outlook, easing some of the upward price pressure from a smaller harvest, but a much smaller crop remains supportive for wheat.
brecorder.com8 jun 2020Tras 224 eventos neutral de clima pasados, Trigo (SRW) se movió una mediana de -0,1 % en 5 sesiones (46% al alza; mitad central entre -1,4 % y +1,5 %), y +0,4 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
