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FranceAgriMer said rain delays to the French soft wheat harvest could affect milling quality, with test weights and falling numbers needing monitoring. Early-harvested crop showed satisfactory protein at about 11.5%, and the farm ministry expected a larger harvest than last year.
Wheat failing milling standards is diverted to feed, which adds feed-grade supply and tempers prices, while the larger French crop adds to export availability.
ukragroconsult.comAug 10, 2023After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.
