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Argus expects French wheat exports to non-EU destinations to fall to no more than 6 million tonnes in 2026-27, from 7.6 million in 2025-26. French corn is seen at only 6.9 million tonnes, which will push feed producers to substitute feed wheat, and French wheat output is put at 30.8 million tonnes.
Lower French exports reduce world wheat supply available to importers, while feed users switching to wheat tightens the wheat market and supports corn and feed grain prices.
argusmedia.comErik MetaliajAug 27, 2026After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
