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The EU MARS Bulletin released 24 April 2023 forecasts wheat yields at 5.74 t/ha, above the five-year average of 5.59 t/ha, and barley at 4.92 t/ha, slightly above average. Spain and Portugal are expected to have below-average yields, while Ireland and much of northern Europe are near or above average.
Above-trend EU wheat and barley yields point to larger European grain supplies, which weighs on feed grain prices and reduces import demand for feed ingredients.
farmersjournal.ieSiobhán WalshApr 24, 2023After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
