grain mail

Burgeoning export expectations led to price gains on the front of the SRW wheat futures in Chicago on Friday. The later dates closed moderately weaker. Egypt's state grain buyer GASC announced the purchase of 240,000 tons of wheat on Thursday. 120,000 tons of it comes from the United States. Weekly US export sales were in line with market expectations with 330,000 tonnes of US wheat. Institutional investors bought about 2,000 lots of CBoT SRW wheat. At the moment, the eCBoT is moderately firmer. At Euronext in Paris, the wheat futures closed on all maturities with losses. The sharp drop in crude oil prices was cited by market participants as the main reason. Tunisia announced on Friday the purchase of 100,000 tonnes of milling wheat and 75,000 tonnes of feed barley of optional origin. FranceAgriMer recently classified 82% of French winter wheat stocks in the top category "good-to-excellent" (unchanged from the previous week). The rating on this date is the worst in six years. Traders report on a possible further loading of French wheat for export to China.

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