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France's farm ministry forecasts soft wheat plantings for next year at 4.51 million hectares, up 8.7% but 0.8% below the five-year average. The condition of emerged crops is better than a year ago but not as strong as in prior years.
Winter barley and rapeseed areas are also reported.
A partial recovery in French wheat area adds modest supply expectations for 2025, but area remains below average, which limits bearish pressure on wheat prices.
energynews.oedigital.comEnergy NewsDec 17, 2024After 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.
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.
