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Unusually warm weather in Europe has pulled grain crops out of winter dormancy, and analysts warn a sudden cold snap could damage fields. Strategie Grains raised its EU soft wheat production forecast on a larger planted area and good growing conditions.
Reduced frost hardiness raises the risk of winter crop losses in the EU, which would tighten wheat and barley supplies for feed buyers and could support Euronext prices if a cold snap arrives.
euronews.comJan 13, 2023After 1,072 past bullish weather events, WHEAT 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.
