08.
02.22
10:20

France exports less wheat

In Paris, wheat prices were able to follow the bullish guidelines of the US stock exchanges and recorded slight gains. Wheat exports in France have lost significant momentum and reached a volume of 775,000 tons last month. The political upheavals with Algeria in particular are having a lasting effect on the French's export business. In the USA, futures recorded moderate price gains. The news from the USDA that shipments reached 418,000 tons last week triggered buying impulses. That is an increase of 40,000 tons compared to the previous week. Cumulative US exports have reached 14.025 million tons. In the same period of the previous year, the amount was almost 18% higher. Meanwhile, inventory credits were corrected further downwards. Around Texas, 71% of fields are in poor condition, with only 9% of stands being in good condition.

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