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Warm weather helped EU farmers sow wheat and barley, with the area expected to be similar to last year while rapeseed may fall slightly. Dry conditions remain a risk in Spain, Romania and Bulgaria, and two-thirds of France's groundwater reserves were below normal at the end of September.
Stable EU wheat and barley area with dryness risks in parts of the bloc keeps supply outlook balanced, with limited near-term price pressure.
ukragroconsult.comOct 17, 2023After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% 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.
