19.
11.18
07:29

grain mail

Incidentally, the wheat futures in Chicago ended the trading week on Friday. In a weekly comparison, the front month of December rose 0.9%. With 438,300 tonnes of US wheat, weekly export sales were within market expectations of 400,000 - 650,000 tonnes. Institutional investors bought about 2,500 lots of CBoT SRW wheat on Friday. The eCBoT is a bit weaker this morning. At Euronext in Paris, wheat futures suffered losses due to the higher exchange rate of the euro. FranceAgriMer announced on Friday that 82% of French winter wheat stocks are in top shape by 12th November. Although this is an increase of 2% last week, the ratings are as weak as they were six years ago. At the same time last year 97% of the stocks were in top condition. Soft wheat exports in the EU have so far been about a quarter lower than in the previous year. Traders are waiting for livelier Russian exports to subside. In the cash market in Hamburg, the quotas for export wheat with 12% protein for delivery in November remained unchanged at 2.50 euros over Paris December 18.

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