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FranceAgriMer data showed French corn sowing at 45% of the planned area by April 29, behind last year's 54% and the five-year average of 70%. Winter soft wheat, durum and barley conditions were also rated worse than usual.
Slow planting and weak winter crop ratings in France tighten the European feed grain outlook, supporting corn and barley prices.
ukragroconsult.comMay 3, 2024After 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.
Not enough comparable past events yet for a historical read.
After 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.
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.
