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COCERAL cut its EU 2017-18 total grain crop estimate slightly to 299.5 million tonnes from 300.3 million. The wheat forecast is 150.8 million tonnes, while barley fell to 58.1 million and corn to 59.2 million, and rapeseed rose to 22.1 million.
Lower EU corn and barley estimates tighten feed-grain supply in Europe and support prices for those grains, while the wheat estimate is little changed.
world-grain.comSusan ReidySep 22, 2017After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
