Loading…
FranceAgriMer raised its forecast of French soft wheat exports outside the EU for 2020-21 to 6.85 million tonnes, for the second month in a row. Exports are still 49% below the record 2019-20 season, and China has bought about 1 million tonnes since July.
Stronger export expectations, mainly driven by Chinese buying, support wheat export demand. The volume remains well below last season, which limits the price effect.
world-grain.comSusan ReidyNov 18, 2020After 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.
