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French wheat stocks likely to be doubled in 2015/16

FranceAgriMer, a French agricultural forecasting authority has increased its forecast for 2015/16 French soft wheat ending stocks by 400000 to 5.2 mn tonnes, on Thursday.

They seem ready to reach more than twice as high as they were at 2014/15 season ending.

According to FranceAgriMer, the revision was made to take account of somewhat lower net exports to the European Union, notes Commerzbank. 

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