05.
11.18
07:17

grain mail

Increases in soya and corn prices as well as positive guidance from Kansas City and Minneapolis Wheat caused wheat prices to close slightly on Friday in Chicago. The fixed dollar, however, prevented higher profits. By 0.7% compared to the previous week, the front month of December increased in the past week, this was the first weekly gain in four weeks. Institutional investors bought about 2,000 lots of CBoT SRW wheat. The eCBoT is moderately firmer this morning. The wheat futures on Euronext in Paris, which closed at almost unchanged levels, had a comparatively quiet trading day. The past week was characterized by high volatility and relatively weak sales due to various holidays in several European countries including France and Germany. On the cash market in Hamburg, the quotations for wheat with 12% protein for delivery in November remained unchanged at 3 euros over Paris due to weak demand December 18. Quotes for feed wheat in Südoldenburg for delivery in November / December are still significantly higher at 215 euros. Traders continue to speculate as to when Russia's high export pace will slow and attract demand for wheat from Western Europe.

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