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Heavy September rain in France, Europe's largest wheat producer, forced farmers to delay wheat sowing. Rapeseed and wheat prices on MATIF have been rising over recent months.
Delayed sowing can reduce the area and yield potential of the next crop, which supports European wheat prices. The effect is modest unless wet weather persists.
effektivtlandbrug.landbrugnet.dkPeter ArendtOct 9, 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.
