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The French Ministry of Agriculture estimates winter soft wheat area for 2022 at 4.92 million hectares, down from 4.96 million. It forecasts winter barley rising to 1.23 million hectares and winter rapeseed rising to 1.10 million hectares from 0.98 million.
The slight wheat acreage cut is modest, but the larger rapeseed area points to more canola meal supply, which is mildly bearish for protein meal prices.
zmp.deDec 7, 2021After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
