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Futures Close Report 15th April

Ukraine has stated it is ready to restrict exports if sales exceed current planned limits.   Ukraine has exported circa 18 million tonnes of wheat so far this season with 2.2 million tonnes remaining until season ends on 20th June.

FranceAgriMer raised its projection of French soft wheat exports outside the European Union in the 2019/20 season to June 30 to 13.2 million tonnes from 12.7 million estimated last month.  Soft wheat stocks were seen at 2.6 million tonnes up from 2.4mt forecast last month.  Maize stocks were also increased, to 2.4 million tonnes from 2.3 million, partly due to reduced biofuel demand.