21.
11.18
07:31

grain mail

Short caps provided moderate price gains yesterday at the SRW wheat futures in Chicago. On the other hand, HRW wheat and Minneapolis summer wheat suffered price losses. The firmer exchange rate of the US dollar weighed on the market and continues to slow down the long-awaited recovery in demand for US wheat on the world market. Institutional investors yesterday bought about 2,000 lots of CBoT SRW wheat. At the moment, the eCBoT is unchanged to slightly firmer. Wheat futures on Euronext in Paris rebounded on positive overseas sentiment and the slightly weaker euro, ending the trading day with gains. On Monday, the market came under pressure as more and more doubts arise about the extent to which Western Europe can benefit from a reduced Russian offer. Traders eagerly await insights into wheat quality in Argentina after the heavy rainfall. At the cash market in Hamburg, the quotes for wheat with 12% protein remained unchanged. Traders report on a large supply of feed wheat from Bulgaria, which is expected in northern Germany in November.

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