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Activity at the Rouen grain port fell 63% in the week to February 8, with only 39,700 tonnes of wheat loaded. Port operator data points to national strikes over pension reforms that halted loading at French ports on February 7-8.
Strike-driven export delays tighten short-term French wheat shipments, a mildly supportive factor for European wheat and feed barley prices.
fastmarkets.comSerina GothardFeb 10, 2023After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% 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.
