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Strategie Grains expects EU soft wheat production of 121.8 million tonnes in 2024/25, up slightly from 121.6 million forecast in March. That is still more than 3% below last year.
Excessive wet weather in France and rainfall deficits in Bulgaria and Romania are cited as risks.
A small upward revision keeps EU supply tight year on year, giving wheat modest support. The forecast is still exposed to weather risk in France and the Black Sea region.
reuters.comApr 11, 2024After 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.
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.
