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The JRC MARS November bulletin reports abundant rain delaying field work in northern Germany, northern Poland and Lithuania, with rapeseed planting worst affected. Spain, Portugal and the Maghreb remain dry, and more rain is needed before the mid-December sowing window closes.
Reduced rapeseed area in northern Europe tightens canola and rapeseed meal supply, while dryness in Iberia and the Maghreb raises the risk of lower wheat and barley yields.
peer.euNov 27, 2017Not enough comparable past events yet for a historical read.
After 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.
