French Wheat Crop Seen Higher

This season's French soft wheat crop is now seen slightly higher than last year's production of 37 MMT, say the French Ministry.

They now peg output at 37.2 MMT, citing near record yields, despite earlier concerns that July rains might have harmed the crop.

Quality is also said to be largely very good this year.

November Paris milling wheat set a fresh contract low of EUR122.75/tonne today, that's EUR88.45/tonne down in the last twelve months.