Loading…
The European Commission's MARS monitoring service rates European winter crops as still fair, though it warns a late-February cold spell covered nearly all of Europe outside the north and west of France, Great Britain, Spain and Italy. MARS expects impairment of winter crops and delayed summer cereal sowing.
Winter crop damage and delayed spring planting in Europe would tighten EU feed grain supply and support barley and corn prices. The assessment is still provisional, so the impact is uncertain.
zmp.deMar 20, 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.
Not enough comparable past events yet for a historical read.
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.
