grain mail

The wheat quotations in Chicago were yesterday the strongest link in the agricultural complex and prices increased significantly. Short-term cover from fund companies and the hope for rising wheat exports gave the market a boost. Institutional investors yesterday bought about 7,500 lots of CBoT SRW wheat.
The electronic night market is trading this morning with losses.
At Euronext in Paris, wheat futures benefited from the good overseas guidance and closed profits on all dates. Support was also provided by the fall in the euro exchange rate to the US dollar, which improves the competitiveness of euro area wheat, and Argentina, which is causing quality problems. This could benefit France in particular in the upcoming Algerian tender. Last week, Russian export wheat prices continued to decline after CBoT wheat futures prices dropped to their weekly low. Black Russian prices for Russian export wheat with 12.5% ​​protein for delivery in November stood at 222 USD / ton FOB on Friday , That's $ 1 / ton less than the week before.

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