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FranceAgriMer reported that 63% of French soft wheat was rated good or excellent by April 22, down from 64% the week before and 94% a year earlier. That is the poorest rating for the time of year since 2020.
Winter barley and maize sowing also lagged, with maize 26% planted against a five-year average of 51%.
Poor French crop conditions raise the risk of a smaller harvest from the EU's largest wheat producer, which supports wheat prices. Delayed maize planting adds to the weather risk for feed grains.
ukragroconsult.comApr 29, 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.
Not enough comparable past events yet for a historical read.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
