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Strikes over French pension reform continue to disrupt rail services and port activity, now running for almost eight weeks. Merchants are struggling to get wheat and barley to ports, and Intercereales says over 450,000 tonnes worth about 100 million euros are blocked in ports unable to load waiting vessels.
Blocked French grain at ports reduces export supply for vessels already lined up, supporting EU wheat and barley prices and pushing buyers toward other origins.
scceu.orgJan 28, 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.
