The weekend in Paris started with a red sign for the wheat contracts. The front month fell 1.25 euros/ton to 272.50 euros/ton. In France, there are reports of political difficulties with Algeria, which could have a particularly negative impact on export business. The forecast for the French export volume was lowered to 9.0 million tons (-0.2 million tons) by the local Ministry of Agriculture. Wheat prices on the other side of the Pacific also said goodbye at a discount. Profit taking and technical selling dominated trading on Friday. According to the USDA, export sales amounted to 450,000 tons and thus slowed down the price correction. Around 390,000 tons were shipped, almost twice as high as in the comparable week of 2021. In summary, US exports reached a volume of 11. million tons.
