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The EU's MARS report cut its grain maize yield forecast by 2% and sunflower yield forecast by 5% from September, due to heat and record-low rainfall in Bulgaria, Hungary, Romania and Greece. The EU sunflower yield estimate fell from 2.20 to 2.10 tonnes per hectare.
Smaller EU sunflower and maize crops reduce regional supply, which supports sunflower meal and corn prices and may lift EU import demand.
mintecglobal.comKyle HollandOct 26, 2023After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
