Argus expects a domestic corn shortfall to force more wheat into feed use, cutting France's wheat exports to about 6.9 mln tonnes this season — the lowest since 1976. It projects 2026/27 French soft-wheat exports at no more than 6.0 mln tonnes, below the agriculture ministry's July forecast of 7.0 mln and last season's 7.4 mln. Argus also forecasts EU corn output down 19% YoY to 46.9 mln tonnes, the weakest since the 1990s, and total EU wheat production at 131.5 mln tonnes, down nearly 9% from 2

Argus expects a domestic corn shortfall to force more wheat into feed use, cutting France's wheat exports to about 6.9 mln tonnes this season — the lowest since 1976. It projects 2026/27 French soft-wheat exports at no more than 6.0 mln tonnes, below the agriculture ministry's July forecast of 7.0 mln and last season's 7.4 mln. Argus also forecasts EU corn output down 19% YoY to 46.9 mln tonnes, the weakest since the 1990s, and total EU wheat production at 131.5 mln tonnes, down nearly 9% from 2025/26. The group said the corn shortfall, together with constrained supplies from major corn exporter Ukraine amid regional conflict, will reduce EU wheat exportable supplies. Argus maintained its July estimate for French soft-wheat production at 30.8 mln tonnes, a 7.6% decline.