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French farmers had nearly finished soft wheat and winter barley sowing by November 14, with about 98% of crops in good or excellent condition, according to FranceAgriMer. Durum sowing was 74% complete and grain maize harvest ended after a three-decade production low.
Good crop condition supports adequate EU wheat supply, which is mildly bearish, while the small maize crop offers modest support for EU feed corn prices.
ukragroconsult.comNov 21, 2022After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
