FranceAgrMer analysts lowered its forecast of ending stocks of soft wheat in France by the end of 2016/17 MG to 2.4 million tons against 2.6 million tons, previously announced, which is 0.9 million tonnes will yield to the result of the previous season and will be the minimum rate in the last 3 years.

Reduction estimates attributable to higher than previously expected, the volume of export of French grain outside the EU. It is expected that in 2016/17 MG France will supply to third countries of 5.2 million tonnes of soft wheat, which is 0.2 million tons higher than the April estimates, but 60.4% compared to last season.

The estimate for ending stocks of barley in France has also been somewhat reduced, to 993 thousand tons, mainly due to the increase of the forecast of grain exports to third countries up to 2.8 (and 2.7) million tons.

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