Loading…
Reuters reports that French flour output is expected to be around last year's level, with the industry consuming just under 5 million tonnes of milling wheat. The French wheat crop is forecast at nearly 37 million tonnes, and poor wheat quality is adding costs for millers.
Higher costs from poor milling quality may push French millers to buy more imported or higher-quality wheat, supporting export demand for other origins. The overall crop size is steady, so the price effect is limited.
reuters.comAug 23, 2021After 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.
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.
