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France's grain industry is struggling to find enough trucks and staff to keep mills and ports running during the coronavirus lockdown, while panic buying of pasta and flour coincides with a surge in wheat exports. Animal feed manufacturers reported 20% to 30% higher orders in the same week.
European wheat futures rallied to a one-month high.
Strained logistics limit how quickly grain can reach mills and ports, while demand from precautionary buying and higher meat-driven feed orders adds pressure. Together these support wheat prices.
finance.yahoo.comGus Trompiz, Sybille de La HamaideMar 20, 2020After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), 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.
