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FranceAgriMer lowered its forecast for French common wheat end stocks for 2021/22 to 2.4 million tonnes from 2.9 million. It also cut its 2021 wheat production forecast to 35.2 million tonnes from 36.1 million, and left its non-EU export forecast at 9.6 million tonnes.
Lower French end stocks signal a tighter European wheat balance, which supports export prices and gives buyers less cushion against further crop cuts.
zmp.deOct 13, 2021After 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.
