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French soft wheat harvest reached 84% completion by late July after an early mid-June start, the earliest in more than a decade. Grain Price News notes that fast harvests in drought years such as 2011, 2018 and 2020 have tended to coincide with below-average yields.
An early, fast harvest hints at lower French wheat yields, which supports EU wheat values and import demand for alternative origins.
grainpricenews.comMike VerdinJul 22, 2022After 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.
