Loading…
The European Commission pegged EU-27 total cereal production for 2023-24 at 276.02 Mt, down month on month after dry conditions depleted soil moisture across western, central and northern Europe. Soft wheat output was estimated at 127.43 Mt and the barley yield at 4.74 t/ha.
A smaller EU cereal crop tightens feed grain and wheat supplies, supporting prices for corn, wheat and barley substitutes in feed rations.
graincentral.comGuest AuthorAug 1, 2023After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.
