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COCERAL's first 2024 forecast puts the EU-27 plus UK total grain crop at 281.7 million tons, down from 287.1 million in 2022. Wheat is projected at 139.4 million tons, flat with 2023, with France and Ukraine down and Spain sharply up after heavy rain disrupted autumn sowing.
A roughly stable EU wheat crop with weaker French and Ukrainian output offers limited support to feed grain prices, so the impact on buyers' costs is modest and mostly sentiment-driven.
millermagazine.comNewclick Dijital Reklam AjansıJan 2, 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.
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.
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.
