# Global Ag News for July 9.24 - ADM Investor Services

> France's soft-wheat crop is forecast to fall 15.4% to 29.7 million tons, a four-year low, after heavy spring rains and disease pressure. Planted area dropped 10.8% from 2023. Lower output could restrain French exports to North Africa and the Middle East, as weather also hurt Russian crops.

- Date: 2024-07-09 · published 2024-07-09T12:00:00.000Z
- Category: weather · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/11198-global-ag-news-for-july-9-24-adm-investor-services
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A smaller French crop tightens global wheat supply and supports prices, with Europe's largest exporter likely shipping less. Wheat is a substitute feed grain, so firmer wheat can support corn and feed costs.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-07-29 | [Global Ag News for July 30.24 - ADM Investor Services](https://feedsoft.ai/events/13561-global-ag-news-for-july-30-24-adm-investor-services.md) | -4.2% | -6.9% |
| WHEAT | 2024-09-27 | [Global Ag News for Sept 27.24 - ADM Investor Services](https://feedsoft.ai/events/28355-global-ag-news-for-sept-27-24-adm-investor-services.md) | +0.9% | -6.0% |
| WHEAT | 2023-06-15 | [Global Ag News for June 15.23 - ADM Investor Services](https://feedsoft.ai/events/6887-global-ag-news-for-june-15-23-adm-investor-services.md) | +4.2% | +0.3% |
| WHEAT | 2023-09-19 | [Global Ag News for Sept 19.23 - ADM Investor Services](https://feedsoft.ai/events/34184-global-ag-news-for-sept-19-23-adm-investor-services.md) | -1.6% | -1.9% |
| WHEAT | 2024-04-23 | [Higher Wheat Futures on Weather - ADM Investor Services](https://feedsoft.ai/events/12143-higher-wheat-futures-on-weather-adm-investor-services.md) | -1.3% | +22.1% |
| KWHEAT | 2024-07-29 | [Global Ag News for July 30.24 - ADM Investor Services](https://feedsoft.ai/events/13561-global-ag-news-for-july-30-24-adm-investor-services.md) | +2.6% | -4.7% |
| KWHEAT | 2024-04-23 | [Higher Wheat Futures on Weather - ADM Investor Services](https://feedsoft.ai/events/12143-higher-wheat-futures-on-weather-adm-investor-services.md) | +7.7% | +16.6% |
| KWHEAT | 2017-06-26 | [Dusty wheat fields signal peak for glut \| St. Clair News-Aegis](https://feedsoft.ai/events/9722-dusty-wheat-fields-signal-peak-for-glut-st-clair-news-aegis.md) | +10.1% | +5.0% |

## Sources

- admis.com: https://www.admis.com/global-ag-news-for-july-9-24/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.