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Persistent rain in France is cutting soft wheat output, with the harvest estimated at about 29.7 million tonnes, down 15% from 2023. Individual farms report losses of up to 20% and lodged crops.
Farm-level losses confirm the French crop shortfall, reinforcing expectations of tighter EU wheat supplies and firmer prices.
euronews.comJul 11, 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.
