14.
09.18
06:07

grain mail

The USDA forecast of 3 million tonnes of increased harvest expectations in Russia, poor export prospects for US wheat and losses in the soya and corn complex caused wheat futures to close sharply in Chicago yesterday. With 387,600 tonnes of US wheat, weekly US export sales were within market expectations of 300,000 - 500,000 tonnes. Institutional investors yesterday sold about 8,000 lots of CBoT SRW wheat. The eCBoT is trading with winnings. At the Euronext in Paris, the wheat futures followed the weak overseas guidance and closed on all dates with losses. The rise in the euro (2-week high), which is worsening the competitiveness of euro area wheat, also put pressure on it. Algeria bought 630,000 tons of milling wheat of optional origin yesterday. Saudi Arabia is looking for 595,000 durum wheat and Tunisia is also on the market with a tender for durum wheat and common wheat. At the cash market in Hamburg, the quotations for high-protein wheat increased after the tender of Saudi Arabia. The quotes for wheat with 12.5% ​​protein for delivery in October / March increased by 1 Euro to 9 Euro via Paris December 18.

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