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FranceAgriMer raised its 2017-18 French soft wheat forecast to 37.8 million tonnes from 36.8 million in August, up 37.1% on 2016. The rapeseed forecast rose to 5.5 million tonnes, and the corn estimate was unchanged at 12.75 million tonnes.
A larger French wheat crop adds exportable supply in a market already well supplied, which is bearish for wheat prices and eases feed-grain costs for buyers.
grainsprices.comGate.BGSep 13, 2017After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), 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.
