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About 65% of the British winter wheat crop was harvested by August 22, with 40% of spring barley cut. Winter wheat yields are forecast slightly above the five-year average, with milling quality mostly meeting specification.
Average-to-good British yields and quality point to adequate domestic feed and milling supplies, which is mildly bearish for EU-origin wheat and barley prices.
fwi.co.ukOliver HillAug 25, 2017After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), 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.
