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MARS analysts reported that early June contrasting weather lowered EU oilseed and grain yield potential. Soft wheat yield was cut 1% to 5.92 t/ha, spring barley 4% to 3.73 t/ha, and soybean yield was raised 1%.
Lower EU wheat and spring barley yields modestly support feed grain prices, while the soybean upgrade partly offsets pressure on protein supply.
ukragroconsult.comJun 21, 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 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), 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.
