Loading…
Strategie Grains cut its forecast for the 2018 EU soft wheat area by 0.3% from October, to 23.5 million hectares. FranceAgriMer lowered its 2017/18 French wheat export forecast by 250,000 tonnes, and Japan bought 125,600 tonnes of milling wheat from the US, Canada and Australia.
A smaller EU wheat area and lower French export projections tighten exportable supply, which supports wheat prices, while Japan's purchase adds modest demand for origin-competing wheat.
grainsprices.comGate.BGNov 17, 2017After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
