grain mail

The downtrend continued yesterday at the wheat futures in Chicago. For the sixth consecutive day, the wheat market closed with losses. Technical sales, releases of long positions by fund companies and declining concerns about export restrictions in the Black Sea region weighed on the market. The weekly US export inspections, at 488,187 tons of wheat, reached the upper end of the market expectations of 300,000 - 500,000 tons. Institutional investors yesterday sold about 8,000 lots of CBoT SRW wheat. At the moment the eCBoT is hardly changed. At the Euronext in Paris, the wheat futures followed the weak overseas requirements and closed on all dates with significant discounts. The two front months of September 18 and December 18 slipped back below the 200 euro mark. Prices for Russian export wheat also fell on the Black Sea last week. Export wheat with 12.5% ​​protein cost $ 225 / tonne FOB at the end of last week. That was $ 5 less than a week earlier. The EU Mars Observatory yesterday lowered wheat yield forecasts in the EU from 5.82 t / ha (previous month) to 5.7 t / ha.

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