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French soft wheat conditions slipped to 63% good or excellent by May 20, remaining at a four-year low. Maize planting slowed to 78% of the expected area as renewed rain raised concerns about maturing wheat and barley.
Continued deterioration in French crop ratings and slower maize planting support wheat prices and add to supply concerns for feed grains in Europe.
brecorder.comReutersMay 25, 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.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
