Weekly overview of the global wheat market - November 22

Weather France will receive between 15-25mm of rainfall in places, but overall conditions across the country will help complete the sowing campaign, providing sufficient soil moisture for uniform emergence. In Romania and Bulgaria, moisture availability remains adequate thanks to recent rainfall, but a lack of rainfall next week could lead to localized stress in drier areas. Ukraine faces more severe challenges, with southern and eastern regions experiencing critical soil moisture deficits and grain growers reporting delayed emergence and patchy crop development. In southern Russia, the situation is similar to that in Ukraine. Global market highlights MATIF wheat remained supported during the week, worried both by a possible disruption to trade and exports from the Black Sea region and by reports that Morocco has contracted large volumes of French wheat in recent days. The latest wave of Moroccan purchases may have reached over 1 million. tons of wheat for close deliveries (of ...