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EU crop monitoring says dry November weather let many areas catch up on delayed winter cereal planting. Winter cereal crops in Germany and France are generally in good condition, though aphid pressure is higher in France and the Netherlands.
Planting remains delayed in eastern countries such as Romania and Hungary.
Better EU crop conditions and larger winter cereal areas add to supply expectations, which weighs mildly on wheat prices. Delays in the east are a limited offset.
ahdb.org.ukNov 24, 2020After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.
