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Tallage forecasts French soft wheat output to rebound about a third to 37.7 million tonnes in the season starting July after the smallest crop since 1993. Germany and Poland are also expected to grow, lifting EU soft wheat output 7% to 145 million tonnes and EU grain output to 306.6 million tonnes.
A recovery in EU wheat supply and France's return to export markets would add competing supply and pressure world wheat prices lower in the 2017-18 season.
gulftime.aeAdminDec 17, 2016After 1,006 past bearish report events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
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.
