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The JRC MARS Bulletin for April 2023 reports substantial rainfall across much of Europe, restoring soil moisture but delaying sowing in the British Isles, northern France and the Benelux. Drought persists in northern Italy and worsened in the Iberian Peninsula, with reservoir shortages threatening summer crop plantings.
Drought-driven area cuts in Spain and Italy could reduce maize and rice output and tighten EU feed supplies, while northern delays add some supply uncertainty.
op.europa.eucorporate-body.JRC:Joint Research CentreApr 24, 2023After 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.
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.
