◂ Event Timeline

May 12, 2021REPORTEU

EU wheat eases, rapeseed hits new high - Markets

Euronext September wheat settled down 0.6% at 225.50 euros a tonne on May 12, 2021 as cereal markets consolidated after a rally. Euronext August rapeseed climbed to a new life-of-contract high.

The USDA's first global outlook for 2021/22 projected ample global wheat stocks.

WHY IT MATTERS

Ample global wheat stocks weigh on wheat prices, while rapeseed strength supports oilseed meal values and crush margins.

AFFECTSWheat (SRW)▼Canola Meal▲

SOURCE
brecorder.comReutersMay 12, 2021

Price reaction & history

Wheat (SRW)▼bearishSO FAR1d -0.1%5d -1.5%20d -4.7%

After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.

Oct 4, 2023Chicago wheat down - Markets - Business Recorder+4.6%
Apr 13, 2021France sees 2021 wheat area rise; barley, rapeseed and sugar beet fall - Markets - Business Recorder+4.1%
Sep 7, 2021Australia lifts wheat forecast - Markets - Business Recorder+1.8%
Jun 15, 2020EU wheat at near 3-month low as ample supply continues to weigh - Markets - Business Recorder-1.5%
Jun 24, 2025Southern Europe lifts EU wheat yield outlook - Markets - Business Recorder+1.4%

Canola Meal▲bullish

Not enough comparable past events yet for a historical read.

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Wheat (SRW) WHEAT · GP ▸

——— · ·

Canola Meal CANMEAL · GP ▸

——— · ·

Loading…