grain mail

Buying activities of fund companies after three days of heavy losses saw price gains at Weizefutures in Chicago last Friday. Investors viewed the decline in the December 18 maturity below the $ 5 mark as a buy signal. However, weak demand for US wheat on the world market is weighing on the market. In a weekly comparison, the December 18 Future rose by 0.1%. Institutional investors bought about 5,500 lots of CBoT SRW wheat on Friday.
The electronic night market is slightly firmer this morning.
At the Euronext in Paris, the wheat quotations for the dates of the old crop closed with moderate gains, while the dates of the new crop 2019 closed inconsistently. Russia's Food Safety Authority has increased quality controls on grain exports. Complaints from bulk buyers due to quality problems were cited as a reason. Some traders suspect that Russia is trying to limit exports in this way. Tunisia announces the purchase of 67,000 tonnes of milling wheat, 75,000 tonnes of durum wheat and 50,000 tonnes of barley. We were looking for cereals of optional origin for delivery from October to December.

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