# Agritel

> European cereal prices fell on weak EU wheat export activity, while rapeseed rose 3.25 euros per tonne on the Euronext November contract. The French agriculture ministry cut its 2020 wheat estimate to 29.5 Mt, and China bought 132,000 t of US soybeans.

- Date: 2020-09-16 · published 2020-09-16T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/51061-agritel
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower French and EU crop estimates support European wheat and rapeseed values, while Chinese purchases of US soybeans add demand support for the US complex.

## Read by commodity

- SOY: bullish ▲
- WHEAT: bullish ▲
- CANMEAL: neutral

## Sources

- agritel.com: https://www.agritel.com/en/archives/2020-09-16

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.