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Analysts told Reuters that a colder-than-usual spell in parts of Europe is unlikely to seriously harm winter grains, and may help crops in France harden after a very mild autumn. Sub-zero temperatures have not threatened French wheat, barley and rapeseed, and German frost in central and eastern zones was discussed as a localized concern.
Limited cold damage keeps European winter grain supply expectations intact, which is mildly bearish for wheat and barley prices and reduces the case for a weather premium.
wsau.comSyndicated ContentDec 16, 2022After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.
