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Wet conditions since October in western and northern Europe have delayed winter crop planting, particularly in France, where sowing was pushed into December. By November 27, 82% of French soft wheat was planted against 99% a year earlier and a 95% long-term average, and the crop rating fell to 80% good to excellent.
Winter barley sowing was 92% complete, with its rating also declining.
Late planting and falling crop ratings in the EU's biggest grain producer raise yield risk and support European feed grain prices. Its effect on world wheat prices depends on whether the sowing delay becomes a lasting crop loss.
graincentral.comGuest AuthorDec 5, 2023After 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.
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.
