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West European farmers made rapid wheat harvest progress during a summer heatwave, though rain has slowed work in parts of Germany. France's crop is expected to be large, and Germany's harvest is estimated at 23-23.5 million tonnes, up about 15% on 2018.
Fast harvesting and larger crops in the EU's top producers add to wheat supply, which weighs on prices. Late rain that causes quality loss could limit the bearish effect somewhat.
esmmagazine.comDayeeta DasAug 7, 2019After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.
