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The European Commission projects EU 2021-22 cereal production at 293.3 million tonnes, up 4.3%, and forecasts EU cereal exports rising 14%, mostly in soft wheat. Net cereal exports are forecast to rise 11.5 million tonnes to 41.4 million.
EU rapeseed and sunflower seed prices have exceeded €1,000 per tonne since the invasion.
Higher EU export demand for wheat supports world wheat prices, while record-high oilseed prices in Europe push up the cost of vegetable oils and meal alternatives for feed buyers.
agriland.ieBernie ComminsApr 5, 2022After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
