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France's farm ministry raised its winter soft wheat area estimate to 4.61 million hectares from 4.57 million, with total soft wheat area at 4.63 million hectares, up 10% from the rain-hit 2024 harvest. Durum wheat area is expected to fall 7% to its lowest in over 30 years, and rapeseed area was raised to 1.29 million hectares.
A larger French soft wheat area points to higher EU supply for 2025/26, which is mildly bearish for wheat prices, while the durum decline is supportive for durum markets.
ukragroconsult.comApr 17, 2025After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 40 past neutral report events, Wheat (HRW) moved a median -0.9% over 5 sessions (38% higher; middle half -3.1% to +1.6%), and -0.5% over 20.
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.
