The EU's MARS crop monitoring unit raised its grain yield estimates in its May update, citing favourable rain across much of Europe. Yield gains of 14% are forecast for Romania and Bulgaria, and 3-4% for Germany and France.
Spain and Portugal are still expected to see yields about 25% below last year because of drought.
Higher EU yield estimates add to export supply and tend to weigh on wheat prices, although the Iberian drought limits the size of the bearish effect. Feed buyers in Europe may see more affordable barley and wheat supplies.
Setelah 334 peristiwa cuaca bearish sebelumnya, Gandum (SRW) bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -1,9% sampai +1,7%), dan -0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.