grain mail

The wheat futures in Chicago were able to grow strongly yesterday. The good mood was fueled by the increased export potential of US wheat on the world market and the weaker exchange rate of the US dollar. Gains in the soya and corn complex also contributed to the good mood. With 582,500 tons of US wheat, weekly export sales exceeded market expectations of 200,000 - 500,000 tons. Institutional investors bought about 7,000 lots of CBoT SRW wheat. The e-CBoT is trading the wheat this morning unevenly.
At Euronext in Paris, wheat futures benefited from good overseas sentiment and gained ground. Signs of a slowdown in Russian wheat exports also contributed to the good mood. However, activities were curbed due to the holiday in several European countries. Russia's Phytosanitary Service has applied to the court to temporarily close five grain silos in the Russian export region of Rostov. The inspectors reviewed grain transhipment sites all over Russia because of complaints from their overseas customers about grain qualities.

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