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Euronext December milling wheat rose about 2% to 213 euros a ton after hitting a near six-month low, helped by a weaker euro and reports of poor French and German harvests. German wheat output is forecast down 12.7% to 18.8 million tonnes, and FranceAgriMer data show below-average test weights and protein.
Lower German and French crops and weaker quality support EU wheat values, partly offsetting pressure from cheaper Black Sea supplies and a weaker euro.
goodmills.comAug 28, 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.
After 15 past bearish report events, Euro (USD per EUR) moved a median +0.0% over 5 sessions (60% higher; middle half -0.6% to +0.4%), and -0.0% 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.
