◂ Event Timeline

Jun 26, 2024REPORTEU

EU's wheat harvest yields similar to the average of the last 5 years

EU-level cereal yield forecasts in the latest MARS bulletin remain close to the five-year average. Durum yield fell 4% on revisions in France and Italy, while common wheat was cut in Italy, Romania and the Netherlands.

WHY IT MATTERS

Yields at average levels mean no major supply shock, so the wheat price impact is limited.

AFFECTSWheat (SRW)◆

SOURCE
tridge.comVictor LangatJun 26, 2024

Price reaction & history

Wheat (SRW)◆neutralSO FAR1d -0.0%5d -2.0%20d +4.5%

After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.

Jul 20, 2018Harvest 2018: The wheat harvest in advance+3.1%
Jun 11, 2026COCERAL advanced the forecast for the wheat harvest in the EU and UK in 2026+4.1%
Jan 29, 2024Australia achieves average wheat, barley harvests-0.0%
Apr 10, 2018France: wheat acreage for the 2018 harvest almost+2.4%
Aug 29, 2024Latest projections expect more production and average yields, but less harvested acres - SaskAgToday.com+4.6%

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 ▸

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