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France's farm ministry estimated its 2024 soft wheat area at 4.39 million hectares, down 7.7% from 2023 and near a 30-year low. Winter barley area was also reduced year-on-year, while spring barley and durum areas rose.
A smaller French wheat area points to lower output and tighter EU supply, which supports wheat prices.
energynews.oedigital.comJun 19, 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.
