Loading…
The European Commission's autumn 2023 short-term outlook says EU farmers kept production up despite hot, dry weather and rainfall surplus over summer, with yields, harvests and quality affected. Input costs for energy, fertilisers and feed continued to decline, and monthly food inflation has eased since July.
Meat and wine consumption fell on high prices, and a crisis distillation authorised for wine is helping stabilise that market.
Lower feed and fertiliser costs and softer meat demand point to less pressure on feed ingredient prices, while weather-hit yields limit upside for EU cereal supplies.
agriculture.ec.europa.euDirectorate-GeneralOct 9, 2023After 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.
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.
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.
