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FranceAgriMer cut its soft wheat harvest forecast to 23.52 million tons from 27.25 million in July. Its export forecast fell to 10.11 million tons from 14.11 million.
Sharply lower French exports remove a major supply source from world wheat markets, supporting prices and pushing buyers toward Black Sea origins.
ukragroconsult.comSep 19, 2024After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), 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.
FranceAgriMer cut French wheat harvest and export forecasts, reducing exporter supply.
