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Agritel forecasts France's 2017 wheat harvest at 36.64 million tonnes, up 33% from last year, at an average yield of 7.12 t/ha. The analyst rates quality as generally exceptionally good, with protein above 12% after a dry, hot end to the season.
A large French crop with good protein supports export availability and keeps European wheat values under pressure. High-protein wheat also supports feed-grade pricing for quality-sensitive buyers.
zmp.deJul 21, 2017After 1,006 past bearish report events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), 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.
