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The AMIS April 2019 market monitor reports that EU winter wheat conditions are generally favourable, though southern Europe needs rain. Crops are mostly favourable in Ukraine, Russia, China, India and the US southern Plains, while wet conditions raise concerns in Nebraska and the Dakotas.
Global wheat export prices posted solid declines in March.
Favourable crop conditions and falling export prices point to ample wheat supplies, which keeps downward pressure on wheat prices.
graincentral.comGrain CentralApr 4, 2019After 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.
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.
