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France's farm office projected its first 2022 soft wheat crop at 32.895 million tonnes, down 7.2% from last year. Barley output was projected at 11.177 million tonnes, down 2.4%, and the harvest was running early after hot, dry weather hurt some areas.
A smaller French crop tightens EU and global wheat supply at a time when Ukrainian exports are disrupted, supporting wheat prices and feed grain alternatives.
world-grain.comJohn ReidyJul 12, 2022After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
