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Copa and Cogeca expect EU cereal production to rise 0.4% in 2017 to about 298 million tonnes, still below the five-year average, while EU oilseed output is forecast up 1.6% to 32.2 million tonnes. Frost and drought in France and southern member states could affect quality, and grain stocks remain low.
A modest EU crop recovery with low carry-over leaves the feed grain balance tight, supporting EU feed grain and protein prices. Rapeseed output near average should keep meal supplies adequate for livestock.
3tres3.comApr 12, 2017After 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.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Not 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.
