Late-October rain in France was welcome but likely insufficient, and a dry climate has returned across the country. Temperatures are falling quickly while much of the sowing work remains to be done.
FranceAgriMer put soft wheat sowings at 62% and winter barley at 71% as of 26 October, which caught up with the five-year average but leaves a difficult finish ahead.
Late or poor sowing in France can trim the EU soft wheat and barley crop that is already being cut, tightening the European feed grain balance. The effect on prices is modest and mainly supportive for European wheat and barley.
After 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.