09.
10.18
06:37

grain mail

Technical sales, a stronger US dollar and correspondingly muted export prospects for US wheat led to wheat losses yesterday in Chicago. The e-CBoT is again weaker this morning. For four weeks, prices for Russian export wheat have been rising. This development is supported by possible export restrictions by the local plant health service. The price of Russian export wheat with 12.5% ​​protein was $ 228 / ton fob last Friday. That was $ 4 more than the week before.
On the Parisian Matif, wheat prices fell only slightly, as the weakness of the euro protects export opportunities for EU wheat. European traders are expecting good chances to win more international tenders soon. The euro is currently the best friend of EU wheat. Wheat exports from the EU are 24% behind those in the previous year. Now the chances for exporters to recapture the international market are increasing. Recently, the French export activities were quieter, one hopes for the next Algeria tender. But Argentina could be involved as well.

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