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Coceral's first forecast for the 2022 EU-27+UK grain crop puts wheat output at 139.8 million tonnes, down more than 3 million tonnes from 2021 on a return to average yields in the Balkans. It sees barley nearly flat at 59 million tonnes, corn unchanged at 66.4 million tonnes, and rapeseed recovering to 20 million tonnes.
A smaller EU wheat crop reduces export availability from a major exporter and supports wheat prices, while a larger rapeseed crop adds oilseed meal supply later.
world-grain.comArvin DonleyDec 13, 2021After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), 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.
