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FranceAgriMer reported that 62% of French soft wheat was in good or excellent condition as of June 10, unchanged from the prior week. The rating was the lowest for the time of year since 2020, when heavy rain also hit French wheat.
Weak crop ratings signal reduced French wheat yield potential, which supports EU wheat prices.
ukragroconsult.comJun 17, 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.
