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Heavy autumn rain has disrupted wheat and winter barley sowing in France and Britain, with a significant fall in wheat area expected in both countries. Crop ratings in France fell for a second week, and waterlogged fields limited the benefit of a drier spell.
A smaller European wheat area points to a weaker 2020 harvest, which tends to support wheat prices and firm feed grain costs for buyers.
producer.comReuters News ServiceDec 2, 2019After 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.
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.
