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French crop conditions declined in the week to 13 April as rainfall stayed below average, with spring barley good/very good ratings falling to 78% from 84%. Soft wheat and winter barley ratings also slipped 1 point each, and soft wheat is in its poorest mid-April condition since FranceAgriMer records began.
Chicago wheat fell $3.86/t to $194.65/t on coronavirus demand worries while Paris wheat gained after Egypt's GASC bought French wheat.
Deteriorating French crop ratings after a poor autumn start point to lower European wheat and barley yields, supporting European wheat prices against weaker US futures.
ahdb.org.ukApr 17, 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.
