grain mail

In the United States yesterday, the stock exchanges remained closed due to the Labor Day holiday. This morning, the wheat quotations on the eCBoT are trading with losses.
At Euronext in Paris, wheat futures came under pressure after Russia's statements about its export policy and closed at all times. Russia currently sees no need to intervene in its export policy. Rumors about export duties or quantity limits were thus put on hold. The Russian Ministry of Agriculture reports good yields in the current summer wheat harvest. Traders and analysts continue to be skeptical about the ministry's statements.
The Argentine government yesterday presented its plans to bring the state budget back on track next year. Thereafter, the grain exports are again subject to customs duties. The weekly export data of the EU Commission confirm a slow start to the export season. By 2 September, 2.1 million tonnes of wheat were exported from the EU. Compared to the previous year, this is a decrease of 49%. French exports were able to hold up comparatively well due to buoyant sales to Algeria.

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