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Strategie Grains cut its 2019/20 EU soft wheat forecast to 143.9 million tonnes from 144.8 million and barley to 60.3 million from 61.0 million. The cuts reflected smaller acreage in Denmark and the Czech Republic and drought damage in Hungary, though the outlook remains above last year's harvest.
Slightly lower EU wheat and barley supplies tighten the feed grain balance modestly, a supportive but limited price factor given harvests still exceed 2018.
checkout.ieDonna AhernMay 19, 2019After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
