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French soft wheat ratings held at 56% good or excellent for the week to June 1, unchanged from the prior week and down from 80% a year earlier. This is the lowest seasonal score since 2011.
Winter barley was also stable at 52%, and soft wheat development ran 12 days ahead of average.
Persistently weak French wheat ratings after a dry spring point to a smaller EU harvest, supporting wheat and feed grain prices.
brecorder.comReutersJun 5, 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.
