EU wheat exports to fall, despite stronger harvest.

European Union soft wheat exports will fall this season, despite an increased harvest. The influential analysis group cut by 1.3m tonnes to 23.1m tonnes its forecast for soft wheat exports from the EU, the world’s largest shipper, in 2017-18. The downgrade took the figure below last season’s figure, which it pegged at 24m tonnes, although that is below the official estimate from the European Commission (which sees exports rising by some 1m tonnes this season). And it came despite an upgrade of 1.5m tonnes, to 142.5m tonnes, in Strategie Grains’ estimate for the EU soft wheat harvest this year, taking the figure 6.5m tonnes above last year result.