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French soft wheat output is estimated at 31.31 million tonnes, down about 21% from 2019, according to the farm ministry. The decline reflects wet autumn sowing problems and a spring drought.
Rapeseed production also fell 3.7% year on year.
A sharply smaller French crop reduces EU export availability and supports European wheat and rapeseed meal costs.
world-grain.comSusan ReidyJul 7, 2020After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), 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.
