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Irish grain trader James Nolan said the next harvest could look different from the last one on prices. Following a dry year with high harvest prices, farmers planted more area, and winter cereal area in Europe rose about 5-6%.
He also flagged possible South American dryness as a yield risk.
A larger planted area in Europe and the Black Sea points to ample supply, but weather risk in South America could support prices. Maize is expected to remain a price setter in European feed markets.
agriland.ieSiobhán WalshJan 27, 2019After 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.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
