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The AGPB association expects France to produce almost 36 million tonnes of common wheat this year, up 23% from the previous year. It added that grain quality from the rain-affected harvest was very mixed.
A sizeable recovery in French output eases European supply tightness, though mixed quality limits how much of the crop can be sold into export milling demand, a mildly bearish factor for wheat prices.
zmp.deSep 7, 2021After 1,006 past bearish report events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
