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FranceAgriMer reported 81% of French soft wheat in good or excellent condition in the week to 14 June, unchanged on the week and well above 56% a year earlier. Crops were about a week behind average growth, and winter barley harvesting had started in western France.
Strong French crop ratings point to a large harvest after last year's poor crop, which limits upward price pressure on wheat. Barley harvest timing will show how quickly new supply arrives.
esmmagazine.comDayeeta DasJun 18, 2021After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), 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.
