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France’s Socomac Closes Wheat Silos as Stocks Pile Up

Socomac, a grain terminal operator in the French port of Rouen that is a delivery point for Euronext milling wheat futures, closed its silos for new deliveries as grain piles up amid a lack of shipments.

Socomac’s silos are 90 percent full, said Claudine Revolio, a spokeswoman for Groupe Soufflet, which owns the export terminal. Senalia, the biggest silo operator in Rouen and the other delivery point for milling wheat futures, stopped accepting deliveries in September.