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French soft wheat exports to non-EU countries in September fell to 166,000 tonnes, the smallest monthly volume since 2009/10 when tracking began. Algeria received no shipments, and FranceAgriMer cut its 2020/21 non-EU soft wheat export forecast to about 6.6 million tonnes from a record 13.5 million last season.
Reduced French export availability removes supply from world wheat markets and supports prices as importers turn to other origins.
en.boerenbusiness.nlKimberly BakkerOct 6, 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.
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.
