07.
08.18
06:37

grain mail

Falling crop prospects in Europe, the Black Sea region, Australia and Canada caused the wheat futures to close at a three-year high in Chicago yesterday. The scorching heat puts a strain on stocks in Northern Europe, and the Black Sea region is now experiencing heavy rains that are causing fears of low yields and quality losses. With 325,486 tonnes of wheat, weekly US export inspections were at the bottom of market expectations of 300,000-450,000 tonnes. Institutional investors yesterday bought 11,500 lots of CBoT SRW wheat. At the moment the eCBoT is trading with more hefty serves.
At Euronext in Paris, the wheat futures followed the positive overseas guidance and also closed on all dates with hefty spreads. The weaker euro also gave the market a boost. In Russia, wheat export prices rose sharply last week. Russian wheat with 12.5% ​​protein cost $ 235 / ton FOB at the end of last week versus $ 223 the week before. At the cash market in Hamburg, the quotations for wheat with 12% protein for delivery in September remained unchanged at 5 € over Paris December 18. Feed wheat in South Oldenburg is 226 € (Sept.-Dec.) Or€ 230 (Jan-June) significantly higher.

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