grain mail

In the United States, the stock exchanges yesterday closed due to the Thanksgiving holiday. The shortened trading on the CBoT starts today at 15.30.
The wheat futures on Euronext in Paris rose to a one-week high yesterday. Competitive offerings of US wheat in the call for tenders in Egypt reinforced the hope that the demand for Russian wheat on the world market will also weaken over the course of the season in favor of northern European sources. Egypt's state grain buyer GASC yesterday bought a total of 240,000 tons of wheat by tender. 120,000 tons of US wheat were purchased; as well as 60,000 tons of wheat from Romania and Russia. This was the second consecutive offer in which US wheat was booked. For the first time since June, less wheat was bought from Russia than from other sources. The export of French wheat to China also provided a positive mood. This is the first export for almost five years. At the cash market in Hamurg, the quotations for export wheat with 12% protein are 2 euros over Paris December 18.

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