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The MARS monitoring service reports that November's drier weather let most EU winter crops be planted on time, though eastern Czech Republic and Slovakia remain delayed. Rapeseed sowing was hampered by dry soils and heavy rain, and the EU area is likely below last year and the five-year average.
The shrinking EU rapeseed area is supportive for canola meal supply and prices, while the timely cereal sowing keeps wheat supply expectations steady.
zmp.deNov 24, 2020Not enough comparable past events yet for a historical read.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
