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Spanish cereal prices at the León market fell by two euros per tonne for soft wheat and barley and one euro for oats, rye and corn on August 28. The decline reflects international price pressure and duty-free imports, with prices seen as unprofitable for many farms.
Falling European cereal prices driven by import competition reduce feed grain costs in Europe and reinforce a weaker outlook for EU barley and oats.
tridge.comVictor LangatSep 2, 2024Not enough comparable past events yet for a historical read.
After 17 past bearish trade events, Oats moved a median +1.2% over 5 sessions (71% higher; middle half -4.2% to +5.0%), and -0.2% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
