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The JRC MARS February 2020 bulletin reports that 1 January to 10 February was warmer than usual across Europe, with record warmth in parts of France and the North Sea, Baltic and eastern European regions. Winter cereal frost hardening is weaker than normal in Germany, Poland, the Baltics, Ukraine, south-western Russia and the British Isles, while Mediterranean areas and the northern Iberian peninsula face precipitation deficits.
Weak frost hardening and dry spots raise some risk to winter wheat and barley if a cold snap arrives, and spring rainfall will be needed for regrowth. Unless damage materialises, the impact is modest, but it adds marginal upside risk to European feed grain prices.
publications.jrc.ec.europa.euBUSSAY ATTILA, CEGLAR ANDREJ, CERRANI IACOPO, Giacinto Manfron, PANARELLO LORENZO, SEGUINI LORENZO, et al.Jan 1, 2020After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.
