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France's farm ministry raised its 2021 grain maize estimate to 13.9 million tonnes from 13.0 million and lifted its sugar beet estimate to 34.0 million tonnes. It cut its soft wheat estimate to 35.2 million tonnes from 36.1 million and its barley estimate to 11.4 million tonnes from 11.7 million.
A larger French maize crop adds modest supply to the EU corn balance, while the smaller wheat and barley crops tighten European feed grain supplies and support prices.
ukragroconsult.comOct 13, 2021After 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.
After 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.
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.
