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The European Commission cut its soft wheat forecast slightly to 127.2 million tonnes from 127.7 million, while keeping its 2021/22 EU wheat export outlook at 30 million tonnes. Harvest rains and quality problems were reported across France, Germany and Poland, and a hot July hurt crops in the Nordics and Baltics.
Quality-damaged European wheat reduces the share eligible for export milling, while a maintained export outlook suggests supplies remain adequate, leaving prices supported but not sharply higher.
grainbrokers.com.auSep 1, 2021After 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.
