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FranceAgriMer reported 68% of French soft wheat rated good or excellent as of February 12, unchanged week on week but down from 93% a year earlier. The rating is the lowest for this time of year since 2020.
Weak crop condition raises concern over yield potential, giving modest support to European wheat prices, though the market is currently well supplied.
ukragroconsult.comFeb 19, 2024After 1,072 past bullish weather events, WHEAT moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
