Loading…
Graintab reports that the 2022/23 Northern Hemisphere harvest is nearly complete and updated official estimates are easing supply concerns. Defra's June survey showed English wheat area up 0.8% to 1.67 million hectares, barley down 4.2%, oats down 12%, and oilseed rape up 21%.
EU wheat production is estimated at 126.959 Mt, down from 131.168 Mt last season.
Lower EU and UK barley and oat areas and a smaller EU wheat crop tighten feed grain supply somewhat, but the report describes an easing of global supply tightness, which limits upside for feed grain prices.
graintab.comCRM AgriSep 8, 2022Not enough comparable past events yet for a historical read.
After 72 past bearish report events, Oats moved a median +0.2% over 5 sessions (50% higher; middle half -3.7% to +3.8%), and -2.5% over 20.
After 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.
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.
