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FranceAgriMer reported that 93% of French soft wheat was rated good or excellent in the week to 22 May, unchanged on the prior week and the best for the time of year since its records began in 2011. Barley ratings held at 90% and 95% for winter and spring crops, and first maize ratings came in at 94%.
Planting of maize was 95% complete but still slightly behind the five-year average.
Strong crop conditions point to large EU wheat supplies, which tends to weigh on wheat export prices and limit competition for feed-grain buyers. Traders remain cautious about renewed dryness, so the bearish pressure could fade if June weather turns.
esmmagazine.comReuters29 may 2023Tras 334 eventos bajista de clima pasados, Trigo (SRW) se movió una mediana de -0,2 % en 5 sesiones (47% al alza; mitad central entre -1,9 % y +1,7 %), y -0,2 % 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.
