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Agritel said France will need to export 20.1 million tonnes of soft wheat in 2019/20 after harvesting 39.2 million tonnes, up 14.9%. About 11.3 million tonnes must go outside the EU, and the consultancy said good quality and a weak euro should help French wheat compete.
Heavy export demand from France supports wheat trade flows, but Agritel expects competitive pricing to cap price gains. The large harvest keeps overall supply ample.
esmmagazine.comDayeeta DasAug 29, 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.
