
As of March 26, 84% of French winter soft wheat and 81% of winter barley were rated good or very good, above last year's levels. Crops are developing well ahead of normal, with 92% of wheat at initial boot stage versus 62% on average.
Strong French crop ratings and early development point to ample European supply, which is mildly bearish for wheat and barley prices heading into the season.
After 334 past bearish weather events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.