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COCERAL's fifth 2020 forecast puts the EU-27+UK total grain crop at 293.6 million tonnes, down from 295.5 million in August and 18.8 million below 2019. Barley and corn forecasts were both cut, while wheat was little changed at 129.2 million tonnes.
A smaller EU grain crop tightens European feed barley and corn supplies, which supports import demand and prices for feed grains.
world-grain.comArvin DonleySep 25, 2020Not enough comparable past events yet for a historical read.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), 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.
