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FranceAgriMer rated 88% of French soft wheat crops good or excellent in the week to March 8, unchanged on the week and well above the 63% of a year earlier. Winter barley ratings were 85% good or excellent, and 90% of expected spring barley area was sown.
Strong crop conditions point to a large French harvest, which weighs on wheat prices and keeps barley supplies ample for feed buyers. Good progress on spring sowing also reduces planting risk.
brecorder.comReutersMar 13, 2021After 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.
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.
