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France's farm ministry cut its soft wheat crop estimate to 29.71 million tonnes from 31.31 million a month earlier, 24.9% below last year. The ministry also lowered its barley estimate to 11.3 million tonnes and its rapeseed estimate to 3.33 million, while raising its first grain maize forecast to 14.4 million.
Official confirmation of a smaller French wheat and barley crop tightens EU feed and milling grain supply, supporting prices for wheat and barley.
brecorder.comReutersAug 5, 2020After 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.
