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The French Ministry of Agriculture put the 2024 grain sowing area at 6.81 million hectares, down 6.8% year on year. Soft wheat area fell 7.7% to 4.39 million hectares, and winter barley fell 6.1%, after heavy rain disrupted autumn sowing.
Some unsown land will go to spring barley, which is forecast to rise 10.7%.
A smaller French grain area reduces export availability from a major EU origin, supporting wheat and barley prices. The shift to spring barley only partly offsets the loss.
ukragroconsult.comApr 16, 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.
