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French farmers had nearly finished the soft wheat harvest by early September, with 99% of area cut by August 30, though still two weeks behind last year and 11 days slower than the five-year average. Heavy summer rain delayed harvest and damaged some crops, particularly milling quality for export.
Quality losses from rain-damaged French wheat may push buyers toward other origins or Black Sea supply, supporting European wheat prices despite a volume recovery from last year's poor crop.
brecorder.comReutersSep 4, 2021After 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.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.
