
French farmers had harvested 89% of the soft wheat crop by August 7, behind both last year and the five-year average of 94%. Spring barley harvesting barely advanced, and maize condition ratings improved to 85% good or excellent.
A slow harvest and wet weather raise quality concerns for milling wheat and feed barley, while good maize ratings temper upside for corn prices.
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.
Not enough comparable past events yet for a historical read.
After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% 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.