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At the AHDB Grain Market Outlook Conference, speakers said the world has a comfortable grain surplus but identified risks to supply. They also discussed Brexit, which takes effect in 17 months, and a trend toward larger UK farms.
A comfortable global surplus argues for stable to lower grain prices, while Brexit-related currency moves could affect UK wheat values.
world-grain.comChris LyddonDec 15, 2017After 69 past bearish macro events, Wheat (SRW) moved a median -0.5% over 5 sessions (35% higher; middle half -2.6% to +0.8%), and -0.7% 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.
