Latest news with #FranceAgriMer
Deccan Herald
3 days ago
- Business
- Deccan Herald
France faces another tough wheat export year despite better crop
France could struggle to sell a much bigger wheat crop expected this year as export options for the European Union's top wheat producer have narrowed due to less demand from Algeria and China as well as strong competition from cheaper Black Sea grain. Sparse overseas demand could lead France to stock hefty amounts of wheat or offload more crop in livestock feed markets. Either outcome could keep prices below production costs, a trend that has fuelled farmer protests in the past year. Farm office FranceAgriMer on Wednesday projected French soft wheat exports outside the EU in 2025/26 at a relatively modest 7.5 million metric tons, contributing to a forecast 21-year high for end-of-season stocks. Sales to Algeria and China, among France's biggest wheat buyers in recent years, stalled last season due to a diplomatic fallout between Paris and Algiers and a general drop in Chinese imports amid hefty domestic supply. A smaller than normal 2024 French crop meant steady demand from Morocco and West Africa, plus sporadic sales to Egypt and Thailand, absorbed last season's surplus. But that may no longer be enough. "The harsh reality is that France has a huge challenge to reach a 7.5 million ton export programme," Rory Deverell, owner of Black Silo Commodity Consulting, said. A price rise in Russia amid tight availability in the world's biggest wheat supplier may offer only brief respite, with Russian and other Black Sea region producers expected to sweep up near-term demand, as shown by this week's 1 million ton purchase by Algeria. 'Russia, Ukraine, Romania and Bulgaria are likely to dominate wheat exports in coming months," a German trader said. 'The west EU faces the threat of being only a niche wheat exporter."
Yahoo
5 days ago
- Business
- Yahoo
Wheat Closes the Week with Gains
The wheat market was in rally mode on Friday, with spring wheat joining in with slightly higher movement. CBT prices were 12 to 13 cents higher across most nearbys, with September up 1 1/4 cents. KC contracts were 11 to 12 cents in the green, as Sep was up 4 ¾. MPLS spring wheat was fractionally higher, as September fell 18 ¼ cents. The dollar index was weaker to provide some support. CFTC data showed spec traders in CBT wheat futures and options adding 4,893 contracts to their net short Chicago wheat position to 60,487 contracts. They were busy increasing their net short in KC wheat as week by 4,683 contracts to 48,002 contracts as of 7/12. More News from Barchart Coffee Prices Retreat Due to a Stronger Dollar Cocoa Prices Finish Sharply Lower as Global Cocoa Demand Craters Cocoa Prices Plunge as Global Cocoa Demand Wanes Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Export commitments so far in the marketing year are 8.259 MMT according to USDA, which was 36% of the balance sheet export projection and ahead of the 35% average pace. FranceAgriMer estimates the French wheat crop at 69% gd/ex, up 1 point from the previous week, with harvest moving along at 71 %, compared to 36% last week. Sep 25 CBOT Wheat closed at $5.46 1/4, up 12 3/4 cents, Dec 25 CBOT Wheat closed at $5.67, up 12 3/4 cents, Sep 25 KCBT Wheat closed at $5.29, up 11 1/2 cents, Dec 25 KCBT Wheat closed at $5.51 1/2, up 11 1/2 cents, Sep 25 MGEX Wheat closed at $5.96 1/2, up 1/2 cent, Dec 25 MGEX Wheat closed at $6.17 1/2, up 3/4 cent, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Arab News
5 days ago
- Business
- Arab News
France faces another tough wheat export year despite better crop
PARIS/HAMBURG: France could struggle to sell a much bigger wheat crop expected this year as export options for the European Union's top wheat producer have narrowed due to less demand from Algeria and China as well as strong competition from cheaper Black Sea grain. Sparse overseas demand could lead France to stock hefty amounts of wheat or offload more crop in livestock feed markets. Either outcome could keep prices below production costs, a trend that has fueled farmer protests in the past year. Farm office FranceAgriMer on Wednesday projected French soft wheat exports outside the EU in 2025/26 at a relatively modest 7.5 million metric tons, contributing to a forecast 21-year high for end-of-season stocks. Sales to Algeria and China, among France's biggest wheat buyers in recent years, stalled last season due to a diplomatic fallout between Paris and Algiers and a general drop in Chinese imports amid hefty domestic supply. A smaller than normal 2024 French crop meant steady demand from Morocco and West Africa, plus sporadic sales to Egypt and Thailand, absorbed last season's surplus. But that may no longer be enough. 'The harsh reality is that France has a huge challenge to reach a 7.5 million ton export program,' Rory Deverell, owner of Black Silo Commodity Consulting, said. A price rise in Russia amid tight availability in the world's biggest wheat supplier may offer only brief respite, with Russian and other Black Sea region producers expected to sweep up near-term demand, as shown by this week's 1 million ton purchase by Algeria. 'Russia, Ukraine, Romania and Bulgaria are likely to dominate wheat exports in coming months,' a German trader said. 'The west EU faces the threat of being only a niche wheat exporter.' Like France, Germany and Poland may struggle too, with overall EU exports again set to be bolstered by Black Sea neighbors Romania and Bulgaria. A rally in the euro against the dollar this year, a repercussion of US President Donald Trump's policies, represents another export headwind. Lower-priced feed markets may provide opportunities for western European wheat, especially if the harvest struggles to meet milling specifications, with traders reporting talk of some low protein levels plus the risk that this week's rain might damage the quality of unharvested wheat. That could mean exports to distant destinations in southeast Asia, or shipments within the EU, with the return of EU quotas on Ukrainian wheat reducing competition for feed wheat inside the bloc. But traders say a bumper harvest in Spain will also curb demand from the traditionally major EU buyer, while wheat will face feed competition from maize as well. FranceAgriMer anticipates stable French intra-EU exports versus last season. 'It is hard to see where west EU wheat could be sold,' another German trader said.
Business Recorder
7 days ago
- Business
- Business Recorder
French wheat stocks seen at 21-year high
PARIS: Farm office FranceAgriMer on Wednesday forecast that stocks of the main French wheat crop will swell to a 21-year high in 2025/26 as a rebound in production outweighs an expected doubling in exports outside the EU. France, the European Union's biggest grain producer, is in the midst of its wheat harvest, with output widely seen bouncing back from its lowest since the 1980s last year. However, traders are cautious about French export prospects given stiff competition and diplomatic tensions with major importer Algeria.
Business Recorder
05-07-2025
- Climate
- Business Recorder
French wheat, barley harvests speed ahead, maize rating drops
PARIS: Harvesting of wheat and barley was running well ahead of the usual pace by Monday, farm office FranceAgriMer said on Friday, as hot weather sped up field work in the European Union's biggest grain producer. Farmers had harvested 11% of the soft wheat crop by June 30, up from 1% a week earlier and surpassing a five-year average of 4% for the same week, FranceAgriMer said in a cereal report. For winter barley, the first major cereal to be harvested at the start of summer, 70% of the crop had been gathered by Monday, up from 22% a week earlier and well ahead of a five-year average of 39%. Durum wheat harvesting was 33% complete, against a five-year average of 17%, while spring barley harvesting was 14% done, ahead of a five-year average of 5%. France and other parts of Europe have experienced scorching temperatures in the past week. Analysts said the heat should not hurt most wheat and barley and should hasten harvesting by ripening crops. However, there is growing concern about the impact of hot, dry conditions on maize, which is approaching its crucial pollination phase. Ratings of French grain maize crops showed 78% were in good or excellent condition, down from 81% a week earlier and from 82% compared with the same time last year.
