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A Reuters poll put the 2022 EU soft wheat crop at 125.7 million tonnes, down 3.4% from last year. Drought and heat cut yields in Spain, Italy and parts of France, while rain improved prospects in northern Europe.
A smaller EU wheat crop reduces exportable supply to importers that are already short of Black Sea grain, supporting wheat and barley feed prices.
agriculture.comJul 7, 2022After 1,072 past bullish weather events, Wheat (SRW) 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.
