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COCERAL estimates the EU grain harvest just below last year's level, with wheat down 2% to about 147.5 million tonnes. Northern and eastern regions show notable losses, including a 19% drop expected in Denmark, while Italy and Spain are forecast higher.
Barley is estimated at 60.8 million tonnes.
Regional losses in northern and eastern Europe reduce available wheat supply, a modest bullish factor for feed wheat prices.
zmp.deJun 12, 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.
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.
