grain mail

Prospects of possible exports of US wheat on the world market caused wheat quotations in Chicago to close with further slight premiums yesterday in Chicago. The weekly US export inspections, with 392,255 tons of wheat, were within the market expectations of 300,000 - 500,000 tons. The electronic night market returns the previous day's profit. The wheat futures on Euronext in Paris could not follow the positive overseas guidance and closed on all dates with losses. The weekend rally is over again, because exports from the EU are still difficult. Russia continues to race. The hope that this will change soon fades. From 1 July to 28 October, the EU exported 5.2 million tonnes of common wheat. This is 24% less than at that date in the previous year when 6.8 million tons were exported at the end of October. Barley exports were 1.75 million tonnes, but also 5% less than in the reference period of the previous year.
Standard bread wheat with 12% protein for delivery in November in Hamburg is offered with a premium of 3 € / to over the December 18 futures contract. In southern Oldenburg forage wheat is traded much more expensive.

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