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Agreste puts French soft wheat output at no more than 26.7 million tonnes, down 25% year on year and the lowest in almost 40 years. The drop reflects a historically low yield of 6.24 t/ha and a much smaller planted area of 4.2 million hectares.
A historically small French crop reduces EU export availability and supports wheat prices, with area and yield both contributing to the shortfall.
foodagribusiness.worldRuud PeijsAug 14, 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.
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.
