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Spring grain planting is progressing well in western Europe, with 90% of expected French spring barley area sown by March 8, far ahead of last year's 33%. German spring sowings are also advancing in generally favourable weather.
Planted area is expected to fall from last year's high levels.
Fast planting and a smaller spring barley area point to lower barley output, but favourable weather offsets this. Shifts toward corn and vegetables could tighten corn supplies later in the year.
brecorder.comReutersMar 12, 2021Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
