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EU wheat: what Paris saw for itself in the July USDA report

If Chicago was delighted with the decline in wheat production forecasts in all competing countries, then Paris in the July USDA report saw, first of all, a decline in production and export forecasts for Russian wheat.

Also, the growth of stock activity triggered a forecast from the USDA for a decrease in wheat production in the EU countries, which coincided with a previously made forecast by the Agency Strategie Grains.

September milling wheat quotations on the Paris Stock Exchange MATIF rose € 3.25 to 176.75 € / ton ($ 199.10 / ton).