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The EU MARS crop monitoring service said France benefited from rain, with wheat yields expected above average only in Austria and Hungary, which are below average. MARS expects a slightly above-average EU cereal harvest, with improvement in the south.
Improving EU yield expectations point to ample supply, a mild bearish factor for European and global feed grain prices.
agrarzeitung.deSteffen BachMay 20, 2019After 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.
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.
