Loading…
France's farm ministry expects 2022 soft wheat area of 4.79 million hectares, down 3.9% from 2021, while barley area rises about 4% and rapeseed area rises 18.4%. Sugar beet area is projected to fall 1.5%.
The estimates were based on data as of April 1, before a cold snap.
Lower French wheat plantings tighten the outlook for EU wheat supply, supporting European and world wheat prices, while higher rapeseed area adds to oilseed supply. Cold-snap damage risk adds upside pressure on prices.
ukragroconsult.comApr 15, 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.
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.
