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The EU28 total 2019/20 grain crop is estimated at about 313.5 million tonnes, roughly 2 million tonnes above the previous forecast, with higher wheat, corn and barley output partly offset by lower mixed grain production. Feed use forecasts were trimmed but remain well above last year, and Estonia posted a record harvest with Latvia and Lithuania near record levels.
A larger EU grain supply and strong Baltic soft wheat exports add competition for feed buyers and weigh mildly on feed grain prices. The reduced feed use forecast also trims near-term demand for feed wheat and corn.
foodagribusiness.worldNatalie KinsleyJan 6, 2020After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), 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.
