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FranceAgriMer reported that French soft wheat sowing reached 67% by November 6, against 91% a year earlier and a five-year average of 83%. Winter barley and durum sowing also lagged well behind last year.
Arvalis warned that the wet weather is likely to reduce yields.
Lagging French plantings and likely yield losses tighten the outlook for EU wheat supply, supporting feed wheat prices and reducing export availability.
ukragroconsult.comNov 13, 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.
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.
