18.
05.18
07:46

grain mail

With moderate gains, the wheat futures in Chicago ended yesterday's trading day. Once again, the unfavorable weather conditions in several major wheat-growing regions around the world came into focus. However, weak demand for US wheat on the world market limited the upside potential. With 194,800 tons of US wheat disappointed weekly US export sales, but were within the market expectations of 0 - 500,000 tons. Institutional investors yesterday bought 3,500 lots of CBoT SRW wheat. At the moment is the electronic night market with price gains. At the Euronext in Paris, the wheat futures were also able to gain. Additional support came from the weak euro, which improves the competitiveness of euro area wheat in the world market. European traders report for the week until 15.05. Wheat exports in a volume of 539,000 tons. EU wheat exports thus increased to 17.75 million tonnes in the current marketing year, compared to 22.25 million tonnes at the same time last year. At the cash market in Hamburg, the quotes for standard wheat with 12% protein for delivery in May fell by € 1.00 to € 4.50 under Paris December 18.

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