Loading…
A Reuters poll expects EU common wheat output of 130.4 million tonnes in 2021, up 11% from last year. Including Britain, EU-plus-UK output is seen rising 15% to 146.2 million tonnes.
Rain has raised concerns about harvest quality and export prospects.
A sharp production rebound in the EU expands export supply and tends to pressure wheat prices. Weaker quality could limit milling demand and push more wheat into feed channels.
esmmagazine.comDayeeta DasJul 12, 2021After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), 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.
