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Strategie Grains cut its EU soft wheat forecast by 1.5 million tonnes to 131.5 million tonnes after wet weather hurt yields in France and Germany and heat lowered yields in Poland and northern Europe. It also reduced world wheat production by 14 million tonnes to 750.3 million tonnes.
Lower EU and world wheat output and a falling stocks-to-use ratio in major exporters tighten global supply and support wheat and feed barley prices.
producer.comReuters News ServiceSep 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.
