The French Ministry of Agriculture raised its common wheat estimate to 35.5 million tonnes from 35.2 million last month, and its grain maize forecast to 14.5 million tonnes from 13.9 million. Sunflower output was lifted to a record 2 million tonnes.
Larger French wheat, maize and sunflower crops add supply to the EU market and weigh on feed grain and meal prices. The upward revisions point to ample supplies for feed buyers.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), 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.