22.
11.18
07:18

grain mail

Fewer shorts and the still weak export demand for US wheat on the world market caused wheat prices in Chicago to close yesterday with slight losses. Today, the US is celebrating its Thanksgiving Day. "Thanksgiving" is not traded on the Chicago Stock Exchange. On Friday, there is only a short trading session on the CBoT. Many dealers in the US will use this day as a short break break.
Wheat futures prices at Euronext in Paris were able to hold up well despite negative overseas sentiment and closed on all dates with slight mark-ups. That was probably a technical correction after a 2-month low. Because of the holiday in the US, this week, hardly any impulses for the EU wheat market can be expected from there. There is currently no clear trend in Paris. EU exporters would benefit from declining Russian wheat exports. This has thwarted a firmer euro exchange rate but again. The high import demand for feed in Germany can be met from Ukraine, where the corn harvest sets a new record. Dealers report that already at the end of November, two shipments of corn with a total of 65,000 tons are to be unloaded in German ports.

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