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Strategie Grains cut its forecast for the 2024/25 EU soft wheat crop by 1.7 million tonnes to 121.8 million tonnes, a four-year low. It also lowered its EU barley forecast to 52.2 million tonnes, with France expected to see the largest year-on-year decline.
A smaller EU wheat and barley crop reduces exportable supply and supports prices for feed-grade and milling wheat and barley.
agcanada.comAGCanadaJun 13, 2024After 769 past bullish report events, WHEAT 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.
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.
