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The EU's Mars agrometeorological bureau reported a pronounced rain deficit across France, Germany, Poland and Romania. It trimmed its EU soft wheat, spring barley and rapeseed yield estimates, with the soft wheat yield now below last year's.
Smaller expected EU wheat and barley crops tighten exportable supplies and support prices for feed grains and wheat.
grainpricenews.comMike VerdinMay 23, 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.
