Loading…
Ongoing rail and port strikes in France have disrupted the cereal sector, with Intercereales saying the situation for grain exports is now dramatic. About 450,000 tonnes of grain worth roughly 100 million euros are blocked in French ports.
International clients are reportedly turning to alternative origins including northern Europe, the Baltics and the Black Sea.
Buyers diverting purchases to Black Sea and Baltic origins increases demand there while French export availability falls, supporting wheat prices outside France.
world-grain.comSusan ReidyJan 22, 2020After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% 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.
