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Strategie Grains forecasts EU soft wheat area for 2017 at 24.3 million hectares, little changed from the prior 24.2 million. It pegged EU rapeseed area at 6.62 million hectares, up 90,000 hectares, and the UK rapeseed area at a 13-year low.
Flat EU wheat plantings and modestly higher rapeseed area signal ample oilseed meal and grain supply for 2017, a mildly bearish outlook for feed prices.
smiraponitke.comadminNov 22, 2016After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
