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France, the EU's largest wheat producer, has had significant dryness in late winter and early spring, and the USDA FAS says more rain is needed for winter crops and for corn planting. The agency is concerned that the 2023-24 crop could face drought similar to the 2020-21 and 2022-23 seasons.
Groundwater levels were described as deteriorated after a very dry winter.
A drought-hit French crop would cut EU wheat exports and could support world wheat prices, while a possible corn shortfall would tighten feed-grain supplies. The risk is still a forecast, so the price effect depends on rainfall over coming weeks.
world-grain.comSusan Reidy24 mei 2023Na 1.072 eerdere opwaarts weer-gebeurtenissen bewoog Tarwe (SRW) zich mediaan +0,2% over 5 sessies (55% hoger; middelste helft -1,4% tot +2,3%), en +0,3% over 20.
Na 1.465 eerdere opwaarts weer-gebeurtenissen bewoog Maïs zich mediaan +0,2% over 5 sessies (54% hoger; middelste helft -1,4% tot +1,9%), en +0,9% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
