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The JRC MARS August bulletin found that extreme weather had only limited effect on EU yield expectations, which remain mediocre. Rain delayed harvesting in the north while heatwaves hit summer crops in the south, and the sunflower yield forecast was raised.
Limited yield revisions mean EU supply is roughly unchanged, so the impact on feed grain prices is modest, though grain quality concerns persist.
joint-research-centre.ec.europa.euAug 21, 2023After 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.
