grain mail

Shore coverings of fund companies and price increases for corn caused wheat prices in Chicago to close yesterday with slight gains. Egypt's state grain purchaser, GASC, bought 180,000 tons of Russian wheat yesterday. The prices were 8 USD / to higher than in the previous call. Experts observe that Russia's competitiveness is now dwindling. US wheat was not offered. France has been here for the second time since the beginning of the season. Institutional investors yesterday bought about 2,000 lots of CBoT SRW wheat. This morning, the wheat quotations continue to rise on the e-CBoT.
At Euronext in Paris, wheat prices rose due to the weak euro exchange rate, which is now reaching a 6-week low. The wheat price is also supported by renewed uncertainty about Russia's export policy. There, the harvest is 10 million tonnes smaller than in the previous year and significantly more grain was already exported than at this date in the previous year. The phytosanitary service threatens with the temporary closure of 30 loading locations due to quality defects.

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