20.
11.18
07:51

grain mail

Weak demand for US wheat on the world market and technical sales caused wheat futures to close yesterday in Chicago with significant discounts. However, with 509,118 tons of wheat, the weekly US export inspections were just above the market expectations of 300,000 - 500,000 tons. Institutional investors sold about 7,000 lots of CBoT SRW wheat yesterday.
At the moment, the eCBoT is even weaker. At Euronext in Paris, the wheat futures followed the negative overseas guidance and closed on all dates with heavy losses. The state-owned Turkish grain buyer TMO yesterday announced a tender to buy 240,000 tonnes of wheat (32 x 7,500 tonnes). Saudi Arabia's SAGO claims to have purchased 495,000 tons of wheat of optional origin. In Australia, the wheat harvest in southern New South Wales and Victoria has started. In New South Wales, yield losses of more than 60% are confirmed. In the week from 10 to 16.11. Grain exports through the Black Sea ports of Ukraine dropped to 665,000 tonnes from 1.4 million tonnes a week earlier. This was announced by APK-Inform. Lower wheat and barley exports are therefore the main cause.

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