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The AHDB weekly grain report says tight global wheat supplies continue to support prices, with barley tracking wheat. The EU Commission puts 2021/22 EU soft wheat exports at 32.0 million tonnes, and the Russian export tax is set to rise again this week.
Tight global wheat stocks and firm EU export demand support feed grain values, and a higher Russian export tax would further tighten export availability.
ahdb.org.ukNov 29, 2021After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
