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COCERAL's fourth 2022 forecast puts the EU-27+UK total grain crop at 287.9 million tons, down from 309.8 million in 2021. EU corn is cut to 51.9 million tons from 70.2 million due to heat and drought during pollination, while wheat is lowered to 140.5 million tons.
EU wheat exports are expected to reach a three-year high despite the smaller crop.
A much smaller EU corn crop tightens feed grain supply and supports corn and DDGS prices, while the strong EU wheat export pace reduces available supply for other buyers.
millermagazine.comNewclick Dijital Reklam AjansıSep 29, 2022After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
