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Mild, wetter weather has benefited EU winter crops, according to the EU's MARS crop monitor. Crops in northern and central-eastern Europe have hardened, but limited snow cover around the Black Sea raises frost risk if a cold snap arrives.
Rapeseed sowing area rose 12.1% in France and 8.7% in Germany.
Good crop conditions and expanded rapeseed area point to adequate European supply, which is mildly bearish for wheat and rapeseed-linked meal. Frost risk in the Black Sea region is a potential upside factor if a cold snap occurs.
kfgo.comThomson ReutersJan 24, 2022After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.
