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The European Commission kept most of its 2022/23 grain and oilseed forecasts unchanged, with soft wheat at 126.4 million tonnes, maize at 52.1 million, barley at 51.6 million and rapeseed at 19.6 million. Soft wheat exports were held at 34.0 million tonnes.
Stable EU estimates signal no new supply shock, so the balance of EU feed grain supply is unchanged and price pressure from this report is limited.
ukragroconsult.comJan 30, 2023After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
