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France's farm ministry trimmed its 2024 soft wheat estimate to 25.43 million tons from 25.78 million, confirming the rain-hit crop as the smallest since the 1980s. It raised its grain maize forecast to 14.47 million tons and cut barley to 9.80 million tons.
A smaller French wheat crop tightens EU feed grain supply, supporting wheat and barley prices and making imported corn and feed wheat more competitive for European compounders.
ukragroconsult.comOct 16, 2024After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
