The increased demand for wheat on the export market and possible export restrictions in Russia caused wheat futures in Chicago to close yesterday with price premiums at the end of the trading day. Only the front month of May closed slightly weaker. With 363,881 tons of wheat, the weekly US export inspections were in line with market expectations of 300,000 - 600,000 tons. Institutional investors sold 1,500 lots of CBoT SRW wheat yesterday. At the moment, the e-CBoT is moderately firmer. Wheat futures closed unevenly at Euronext in Paris. The possible export restrictions in response to the coronavirus crisis have made the wheat markets nervous after panic buying pasta and pasta had already contributed to a rally. In Russia, both domestic prices and export prices for wheat rose last week. Russian wheat with a protein content of 12.5% loaded at ports on the Black Sea rose by USD 10 at the end of last week to USD 217 per tonne FOB, SovEcon reported. The Kazakh Ministry of Agriculture announced that it would introduce quotas for the export of wheat and flour.
Source
HANSA Terminhandel
