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France's Ministry of Agriculture cut its October harvest forecasts for most grains, oilseeds and sugar beet due to adverse weather. Corn was lowered to 13.5 million tonnes and common wheat to 29.2 million tonnes, about 26% below last season and 18% below the five-year average, and barley to 10.5 million tonnes.
Lower French output tightens EU feed grain and wheat supplies, lifting Matif prices and supporting feed costs for buyers.
en.boerenbusiness.nlKimberly BakkerOct 14, 2020After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 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.
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.
