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FranceAgriMer data show French winter grain planting almost stopped by November 20 because of prolonged rain. Soft wheat was 74% sown against 98% a year earlier, and winter wheat condition fell to 83% good or excellent.
Winter barley planting reached 86%, and corn harvest was 98% complete.
Stalled French plantings and deteriorating crop condition raise downside risk to EU wheat output, which supports wheat prices and European feed grain demand.
commodity-board.comE. JarvisNov 27, 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.
