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Rain in Europe brought relief to parched wheat belts, but analysts said more moisture is needed to prevent a smaller harvest than last year's bumper crop. The European Commission cut its EU wheat forecast by over 4 million tonnes to 121.5 million, 7% below last year.
Traders expect a French soft wheat crop of 32-33 million tonnes, compared with 39.5 million last year.
Rain stabilizes the EU crop outlook, easing some upward price pressure from a smaller harvest, though a much smaller crop remains supportive for wheat.
esmmagazine.comDayeeta Das8 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.
