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Wheat harvesting is ending in Germany and Poland, where crops are better than the poor harvests in France and Britain. Germany's crop is seen falling 6.8% to 21.48 million tonnes, and Poland's rising 5% to 11.75 million tonnes.
Favorable weather sped up Polish harvesting.
Decent German and Polish crops partly offset the French and British shortfall, which limits upside for EU wheat prices.
esmmagazine.comDayeeta DasAug 17, 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.
