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UK milling wheat premiums are strong and the IGC and USDA raised forecasts for the 2020-21 season, projecting record world wheat and corn crops. European farmers are holding back sales with reduced crops.
Oats look tight in the UK, with late-sown crops performing poorly.
Record world wheat and corn forecasts cap upside, but tight European supplies and weak UK oat crops keep feed grain prices supported locally.
bartholomews.co.ukSep 1, 2020After 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.
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.
After 52 past bullish report events, Oats moved a median -2.0% over 5 sessions (33% higher; middle half -3.4% to +2.4%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
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.
