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Reuters reports that Agritel forecasts France's soft wheat harvest will rise 3.3% to 34.82 million tonnes, which it calls disappointing because of dry weather. Agritel says 2-3 million tonnes of potential were lost in May-June, and the farm ministry had earlier put the crop at 35 million tonnes.
Field work is also being delayed by rain.
The French crop is still above the five-year average, so it offsets some of the earlier EU tightness and leaves wheat prices roughly flat. Further weather delays at harvest could add pressure.
agriculture.comReuters26 jul 2023Tras 224 eventos neutral de clima pasados, Trigo (SRW) se movió una mediana de -0,1 % en 5 sesiones (46% al alza; mitad central entre -1,4 % y +1,5 %), y +0,4 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
