
France's farm ministry estimates the 2021 soft wheat area, including spring wheat, at 4.9 million hectares, up 15% on 2020. Barley area is seen down 12% to 1.73 million hectares, and rapeseed and sugar beet areas also fall.
A larger French wheat area adds to EU supply, while smaller barley and rapeseed areas tighten those feed and oilseed meal supplies.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
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.