Market update week 44
Until now, planting delays in France have been significant, as reported in FranceAgriMer’s latest Cereobs report. As of October 21, corn harvesting in France progressed to 25%, up from 14% the previous week, though still behind the 69% average. Winter wheat planting reached 21% by October 21, compared to 10% the prior week and a 47% average. Similarly, winter barley sowing covered 38% of the area by October 21, up from 20% the previous week, but below the 64% average.
Until now, planting delays in France have been significant, as reported in FranceAgriMer’s latest Cereobs report. As of October 21, corn harvesting in France progressed to 25%, up from 14% the previous week, though still behind the 69% average. Winter wheat planting reached 21% by October 21, compared to 10% the prior week and a 47% average. Similarly, winter barley sowing covered 38% of the area by October 21, up from 20% the previous week, but below the 64% average.
Currently, French wheat is gaining in competitiveness compared to Russian exports. However, this trend will need to be confirmed through export sales. Morocco has recently resumed purchases, and now Algeria has issued a new tender. The coming days will likely shed light on the competitiveness of various suppliers. Russia continues to maintain a high export pace month after month, and its newly announced minimum price, set by the Kremlin, will be another factor to monitor.
Currently, French wheat is gaining in competitiveness compared to Russian exports. However, this trend will need to be confirmed through export sales. Morocco has recently resumed purchases, and now Algeria has issued a new tender. The coming days will likely shed light on the competitiveness of various suppliers. Russia continues to maintain a high export pace month after month, and its newly announced minimum price, set by the Kremlin, will be another factor to monitor.
In Europe, soft wheat exports remain disappointing, with only 7.3 million tons shipped since the beginning of the campaign, according to the European Commission’s latest data. In France, dry weather is supporting sowing efforts, though some regions still face waterlogged soils. Nonetheless, the current weather window offers an opportunity to reduce delays in planting.
In Europe, soft wheat exports remain disappointing, with only 7.3 million tons shipped since the beginning of the campaign, according to the European Commission’s latest data. In France, dry weather is supporting sowing efforts, though some regions still face waterlogged soils. Nonetheless, the current weather window offers an opportunity to reduce delays in planting.