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French soft wheat production is forecast at 25.98 million tons, down 26% from last year, according to AGPB president Eric Thirouin. Yields fell 17% to 6.2 t/ha, extending a slide that began in 2015.
A sharp French crop shortfall tightens EU wheat exports and supports European and world wheat prices, raising feed-grain replacement costs for buyers.
bloomberg.comNayla RazzoukSep 5, 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.
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.
