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France's farm ministry expects a sharp fall in winter cereal sowing after heavy autumn rain disrupted field work. The soft wheat area for 2024 is projected at 4.49 million hectares, down 5.1% and a four-year low, while winter barley is pegged at 1.31 million hectares, down 4.0%.
Durum planting is also seen falling 10.5%, and winter rapeseed area held steady.
Reduced French sowing points to a smaller 2024 wheat and barley crop, which supports European feed grain prices if yields also suffer. Winter rapeseed holding steady limits the impact on oilseed meal.
ukragroconsult.comDec 13, 2023ukragroconsult.comDec 13, 2023Not enough comparable past events yet for a historical read.
After 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.
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.
