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Statista charts the impact of a severe heatwave and drought on 2018 EU wheat yields using MARS forecasts. Production in the UK, France, Germany, Sweden, Poland and Romania is set to decline from 2017, while southern Europe fares better, and German farmers seek a €1 billion aid package.
Widespread yield declines across major northern and eastern EU producers support wheat prices and raise the likelihood of more EU feed grain imports.
statista.comNiall McCarthy, Felix RichterAug 3, 2018After 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.
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.
