# Wheat hits 3-week high on French crop worries - Markets - Business Recorder

> Chicago wheat futures rose to a three-week high on March 25 on concerns over the French crop and Black Sea tensions, with the most-active CBOT contract up 0.4% at $5.56-3/4 a bushel. FranceAgriMer reported 66% of French soft wheat in good or excellent condition as of March 18, versus 94% a year earlier. Russia also attacked energy infrastructure in Ukraine, while ample supply kept prices near multi-year lows.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: weather · region France · magnitude medium
- Page: https://feedsoft.ai/events/31240-wheat-hits-3-week-high-on-french-crop-worries-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lower French crop ratings and Black Sea risk support wheat prices from a low base, and short-covering by speculators adds to the near-term rally. Feed buyers may see wheat's modest gains help narrow the discount to corn, though ample global supply limits upside.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-02-16 | [Wheat at one-week high as freezing US weather in focus - Markets - Business Recorder](https://feedsoft.ai/events/9253-wheat-at-one-week-high-as-freezing-us-weather-in-focus-markets-business-recorder.md) | +1.3% | +0.2% |
| WHEAT | 2024-08-29 | [EU wheat rises on poor French, German crop outlook, weaker euro - Markets - Business Recorder](https://feedsoft.ai/events/28711-eu-wheat-rises-on-poor-french-german-crop-outlook-weaker-euro-markets-business.md) | +4.6% | +15.4% |
| WHEAT | 2024-09-27 | [Wheat falls on demand worries, but set for weekly gain - Markets - Business Recorder](https://feedsoft.ai/events/28348-wheat-falls-on-demand-worries-but-set-for-weekly-gain-markets-business-recorder.md) | +0.9% | -6.0% |
| WHEAT | 2024-04-24 | [Paris wheat around 3-month highs on weather worries, short covering - Markets - Business Recorder](https://feedsoft.ai/events/12147-paris-wheat-around-3-month-highs-on-weather-worries-short-covering-markets.md) | -1.9% | +21.8% |
| WHEAT | 2020-06-12 | [French wheat crop stable for second week after punishing spring - Markets - Business Recorder](https://feedsoft.ai/events/52548-french-wheat-crop-stable-for-second-week-after-punishing-spring-markets.md) | -1.3% | -4.6% |
| SOY | 2025-02-18 | [Wheat eases from 4-month highs, soybean flat - Markets - Business Recorder](https://feedsoft.ai/events/26078-wheat-eases-from-4-month-highs-soybean-flat-markets-business-recorder.md) | -0.7% | -2.0% |
| SOY | 2021-03-12 | [Wheat flat; set for second weekly drop as US weather improves - Markets - Business Recorder](https://feedsoft.ai/events/5121-wheat-flat-set-for-second-weekly-drop-as-us-weather-improves-markets-business.md) | -1.6% | -0.9% |
| SOY | 2021-06-25 | [Corn, wheat, soy steady as US crop prospects assessed - Markets - Business Recorder](https://feedsoft.ai/events/46608-corn-wheat-soy-steady-as-us-crop-prospects-assessed-markets-business-recorder.md) | +5.5% | +2.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40295443

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.