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France's farm ministry forecasts soft wheat output falling 15% to 29.65 million tonnes, the lowest since 2020, after heavy rain cut planting and yield potential. Winter barley was also cut 17% and total barley is pegged 8% lower.
France is the EU's top wheat exporter, so a sharply smaller crop tightens EU export supply and supports European and Black Sea wheat prices.
ukragroconsult.comJul 10, 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.
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.
