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Strategie Grains lowered its monthly EU forecasts for wheat, barley and maize because of dryness in Spain and northern Europe. It now sees barley down 2 million tonnes to 47.9 million and maize at 61.2 million tonnes.
Tighter EU maize and barley supply could lift feed grain prices, though ample wheat stocks limit gains in wheat.
ukragroconsult.comJun 16, 2023Not enough comparable past events yet for a historical read.
After 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.
After 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.
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.
