23.
07.20
06:26

Grain enamel

Technical purchases on the CBoT yesterday led to rising prices in the wheat future. Corn futures prices in Chicago also recovered well. Uncertainties about the diplomatic turmoil between the USA and China due to allegations of espionage make for a somewhat more pessimistic assessment at the moment, so that the prices of Chicago agricultural futures are now under pressure again.
Supported by firmer courses overseas, the Matif wheat courses also rose slightly yesterday. However, a very firm € / $ exchange rate (1.15834) worsens the competitiveness of wheat from the zone of our common currency.
In France, farmers are seeing better wheat yields than previously expected. In contrast, the wheat areas previously harvested in Russia show average yields of only 3.49 to / ha compared to 3.75 to / ha in the previous year. The harvest weather in Germany should be good at least until the weekend, so that the grain harvest is progressing rapidly in this country. However, it still has to remain sunny and dry until the end of July so that the grain can ripen. The barley harvest is almost through. Now rapeseed and wheat follow. Protein levels and case numbers are promising.

Source
Hansa Terminhandel GmbH
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