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FranceAgriMer raised its 2019/20 forecast for French soft wheat exports outside the EU to 11.7 million tonnes from 11.0 million, about 14% above last season. Traders expect strong Moroccan demand and a chance to regain West African share from Black Sea suppliers.
A larger export pipeline from France adds supply to world wheat markets and competes with Russian and Ukrainian sales. Freight costs and a possible Russian export recovery could limit the gains.
esmmagazine.comDayeeta DasOct 10, 2019After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
