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The April EU MARS report kept wheat and barley yield forecasts almost unchanged at 5.65 and 5.87 t/ha, while rye was raised 2.1%. Dry weather in Western Europe after a very wet winter has dried topsoil and affected spring sowing, though the report sees little coronavirus impact on planting inputs.
Stable official EU yield forecasts despite dryness limit near-term upside for wheat and barley prices, though continued drought would pressure the outlook.
en.boerenbusiness.nlThomas DoornbosApr 28, 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.
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.
