Grains - Grains

Cereals daily: weak export performance in France

February 9, 2021 10:45 AM, Der AUDITOR
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CHICAGO/PARIS. While France's wheat exports are raising concerns, corn is trading high in Germany. The WASDE report should set new impulses on Tuesday.

Decline in wheat exports from France

US markets are firm due to President Joe Biden's USD 1.9 trillion Covid-19 relief package. The expected cold snap in Canada and in teh northern US plains is also supporting the market. Snow is, by contrast, expected to protect the winter wheat crop in Eastern and Western Europe. Heavy snowfall has disrupted traffic in Urkaine and in Germany. New Eu export estimates were issued on Monday. The EU has shipped a total of 15.81 million mt overseas this season so far, which is down on the 18.86 million mt shipped at this time last year

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