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France's soft wheat crop condition declined for a fifth straight week, with 67% rated good or excellent in the week to May 30, down from 69%. Drought hit shallow-soil areas, while the Centre-Val de Loire region rated only 43% good or excellent.
Spring barley and durum conditions also worsened.
Deteriorating French crop ratings signal lower EU output, supporting wheat and barley prices amid already tight global supplies.
brecorder.comReutersJun 5, 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.
