21.
09.18
06:10

grain mail

Technical purchases, gains in the soya and corn complex, and the weaker US dollar to euro exchange rate, which improves the competitiveness of US wheat on the world market, provided moderate gains for wheat futures yesterday in Chicago. The US weekly export sales of 468,500 tons of US wheat were within the market expectations of 250,000 - 500,000 tons. Institutional investors yesterday bought about 2,000 lots of CBoT SRW wheat. At the moment the eCBoT is trading with losses. The wheat futures on Euronext in Paris benefited from the late rise in Chicago, recovering as much as they could from the daily losses and ending the trading day unevenly. The dry weather conditions in Western Europe, which hinder the winter cereal sowing, also provided support. However, analysts expect an overall expansion of the sowing area. In the cash market in Hamburg, the quotas for export wheat with 12% protein for delivery in September remained unchanged at 3 euros over Paris December 18. The main focus remains on feed wheat due to the high prices, but the market is very uncertain after the ASF case in Belgium ,

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