FranceAgriMer lowers the forecast for Weizenendbestände

The French agricultural market analyst FranceAgriMer morning lowers its forecast for the Weizenendbestand of season 2016/17 from 2.7 million tons to 2.6 million tons.
In the monthly publications on demand and consumption for this season, the company expects that France may export 4.8 million tons of wheat to third countries outside the EU. Last month, it was still by 4.7 million tonnes. 63% would however be less than in the previous season.
Exports to EU countries from France to be at 6.1 million tons; This is an unchanged to the previous month.
The experts lowered even their forecast for the closing stock of maize to 2.3 million tons from 2.5 million tons. The crop yield was estimated less than before.

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