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COCERAL cut its third 2018 forecast for the EU grain and oilseeds crop to 283.5 million tonnes, down from 299.1 million in June and below last year's 300.2 million. Wheat was cut to 129.9 million tonnes, barley to 57.4 million, corn to 58.9 million, and rapeseed to 19.4 million, with losses concentrated in Germany, France, the UK and Scandinavia.
A smaller EU harvest reduces exportable supply of wheat, barley and corn and tightens rapeseed availability for meal and oil, supporting European and world feed grain and oilseed prices.
world-grain.comSep 19, 2018After 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.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
