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The JRC MARS May bulletin revised EU winter crop yield forecasts down 2-3% from April. Spring barley and rapeseed are now below the five-year average, while wheat and winter barley remain above it.
Dry conditions in Spain and France and unusually cold weather across western, central and northern Europe have hurt crop development.
Lower EU barley and rapeseed yields tighten European feed grain and oilseed meal supplies, supporting prices for barley and canola meal relative to expectations.
peer.euMay 22, 2017Not enough comparable past events yet for a historical read.
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.
