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Hail, wind and torrential rain hit grain crops in 65 of France's 101 departments on June 3-5, with about 50,000 lightning strikes recorded. FranceAgriMer data showed only 6% of the soft wheat crop in good-to-excellent condition as at June 6, down from 67% the previous week.
Severe storm and drought damage to France's top wheat crop reduces expected EU exports and supports wheat prices, which feed buyers pay through higher grain costs.
theland.com.auGrain Brokers AustraliaJun 14, 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.
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.
