# EU wheat rises on tight global supplies, French rain

> European wheat closed the week higher, with Paris December futures up 0.5% at €233.50/t, supported by tight global supplies and strong export demand. French planting was delayed by rain, with 62% of soft wheat sown by October 30 versus a five-year average of 72%. Argentina's wheat crop forecast was cut 5% to 15.4 million tonnes on frost and drought.

- Date: 2023-11-07 · published 2023-11-07T12:00:00.000Z
- Category: market · region EU · magnitude low
- Page: https://feedsoft.ai/events/33132-eu-wheat-rises-on-tight-global-supplies-french-rain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tighter global wheat supply and slow French planting support EU wheat prices, although aggressive Black Sea export competition limits the upside for European feed wheat.

## Read by commodity

- WHEAT: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/eu-wheat-rises-on-tight-global-supplies-french-rain/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.