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France's farm ministry lowered its 2021 soft wheat crop estimate to 36.69 million tonnes from 37.10 million, still 25.8% above last year. Barley was raised to 11.69 million tonnes, and the first maize forecast came in at 12.88 million tonnes, down 3.2%.
A smaller French wheat crop tightens EU export supplies, though yields are well above last year, which limits the price impact. Concerns over wet-weather quality damage could push millers and buyers toward other origins.
esmmagazine.comDayeeta DasAug 4, 2021After 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.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% 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.
