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European Commission data show EU soft wheat exports in 2021/22 reached 10.27 million tonnes by November 21, up from 9.88 million a year earlier. EU maize imports fell to 4.79 million tonnes from 6.90 million, though French export data is incomplete.
Stronger EU wheat export pace supports world wheat demand. Lower EU maize imports reduce import demand for corn, which weighs on prices.
financialpost.comReutersNov 23, 2021After 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.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
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.
