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French farmers had harvested 96% of the soft wheat crop by August 23, with rain slowing the final stages. The harvest ran about two weeks behind last year and heavy summer rain has damaged some milling quality, though yields are still expected to be good.
A delayed harvest and quality damage add modest support to milling wheat prices as buyers look for sound grain. Yields remain good, so the effect on overall supply is limited.
brecorder.comReutersAug 28, 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.
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.
