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FAO's GIEWS brief reports Morocco's 2022 wheat production at about 2.5 million tonnes, over 55% below the five-year average, after drought cut rainfall roughly in half. Barley output is estimated at 690,000 tonnes, one-third of the five-year average, and wheat imports are expected to rise in 2022/23.
A sharp drop in Moroccan cereal output boosts import demand for wheat and barley, supporting international grain prices and feed grain costs for Moroccan buyers.
reliefweb.intJul 21, 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.
After 322 past bullish weather events, Wheat (HRW) moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% 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.
