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The first 2023 MED-Amin harvest bulletin warns that drought across the western Mediterranean is already hurting cereal growth in the Maghreb, particularly Algeria, Morocco and Tunisia. Dry conditions also raise concerns in southern France, eastern Spain and northern Italy, and winter cereal areas were reduced in Portugal.
Severe Maghreb and Mediterranean drought increases regional import demand for wheat and barley, supporting world grain prices.
iamm.ciheam.orgApr 19, 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.
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.
