13.
08.18
06:21

grain mail

More than 3% lost wheat futures in Chicago on Friday after the USDA released the monthly WASDE report at 6:00 pm. Although the estimate of global end-of-wheat stocks has been reduced, the revised estimate of 258.96 million tonnes was about 2.5 million tonnes higher than the average expectation of the previously interviewed analysts. Institutional investors sold an estimated 12,000 lots of CBoT SRW wheat on Friday. The eCBoT trades this morning with further losses. At Euronext in Paris, wheat futures were unable to sustain daily gains due to weak overseas conditions and barely changed. Support was provided by the weak euro exchange rate and concerns about the wheat harvest in Europe. German feed producers have already bought more than 800,000 tonnes of wheat in the Black Sea region due to the small crop in Germany. At the cash market in Hamburg, the quotes for wheat with 12% protein fell for delivery in September by 1 €, to 4 € via Paris December 18. Quotes for feed wheat in South Oldenburg for September / December are still significantly higher, at 229 euros.

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