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Arvalis agronomist Jean-Charles Deswarte said France received about 30% less precipitation than the 20-year average between January 1 and May 10. He warned the dry soil could cause irreversible crop damage, and the wheat area was already reduced.
Expected yield losses in France, a top EU grain exporter, support wheat prices and could increase reliance on imports.
reuters.comSybille De La HamaideMay 5, 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.
