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Futures Close Report  16th May  2018

FranceAgriMer raised its estimate of French soft wheat exports in the 2017/18 season that ends on June 30 to 9.1 million tonnes from 8.9 million forecast last month owing to increased internal EU sales.   French soft wheat stocks at the end of 2017/18 are now expected at 2.5 million tonnes, down from the 2.7 million seen in April.

FranceAgriMer cut its forecast of 2017/18 French maize ending stocks to 2.7 million tonnes from 2.8 million tonnes last month, mainly due to an almost 200,000-tonne increase in expected exports within the EU, now seen at 5.0 million tonnes.