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French farmers harvested just 4% of soft wheat by July 8, behind the five-year average of 19%. The crop rating fell to 57% good or excellent, the lowest for the time of year since 2020.
Slow harvest and deteriorating quality from rain damage signal further downside to French output and quality, supporting EU wheat prices.
brecorder.comReutersJul 13, 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.
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.
