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Drier weather let sowing resume across western Europe, though French soft wheat sowing was only 62% complete by November 4 versus a five-year average of 77%. Analysts said delays have already reduced crop potential and yields may disappoint even with good weather.
Late sowing and weak expected yields point to a smaller EU wheat crop and firmer feed wheat prices. Better weather limits the damage but does not reverse it.
brecorder.comReutersNov 9, 2024After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
