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French President Macron promised to protect EU farmers from overseas competition and called for a budget for the Common Agricultural Policy that does not shrink after Brexit. He said French wheat competes with large Russian and Ukrainian farms, and the wider EU's wheat exports have fallen about 20% after a poor harvest.
Policy support for EU farm budgets does not directly move prices, but the reported 20% drop in EU wheat exports signals weaker EU competitiveness in world wheat markets.
commodityconversations.comAgriCensusFeb 27, 2019After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% 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.
