grain mail

Weak demand for US wheat on the world market caused wheat futures losses in Chicago for the fourth consecutive day on Friday. In the weekly comparison, the December 18 maturity lost 6.3% in value. With a total of 379,800 tons of US wheat, weekly US export sales were within market expectations of 200,000 - 500,000 tons. Institutional investors sold about 2,500 lots of CBoT SRW wheat. At the moment, the eCBoT is trading with further losses.
At Euronext in Paris, wheat futures followed the negative overseas guidance and moderated on all dates. The expiring front month of September lost a lot. The losses were limited by the weaker euro. In a weekly comparison, it was down 3.5%. Russia's wheat exports in the period from January to July 2018 reached a volume of 23.09 million tons. Compared to the previous year (12.8 million tons), this is an increase of over 80%. Western Australia faces a record wheat harvest this year due to good rainfall in August, while eastern Australia suffers a severe drought for the second year in a row. France exported 622,000 tonnes of wheat to non-EU countries in July, up 34% from July 17.

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