The contracts on the CBoT ended yesterday's trading day with a slight plus, but increased again significantly in pre-market trading this morning. Trading closes negatively on the Matif. The European quotations are under pressure due to the export slump in France. For the bookings from Algeria, the market expects that exporters from the Black Sea region will be awarded the contract. FranceAgriMer has already lowered its forecast for French exports by 0.2 million tons due to the recent faltering exports. Prices on the cash markets in Germany have recently fallen slightly. Fodder wheat delivered to Hamburg is currently quoted at 283.00 euros/t. Russia's announced troop withdrawals have not yet eased the situation on the market, and the situation remains uncertain. Today the weekly US export bookings will be published. Retailer expectations are further apart in advance.
Source
VR AgrarBeratung AG
