Grain mail

The good global supply situation, positioning ahead of the WASDE report, price losses in the soy and corn complex and the firmer exchange rate of the US dollar caused the wheat futures to close at discounts on Friday in Chicago. In a weekly comparison, the front month of September lost 6.6% in value. That was the biggest weekly loss since February 2019. Institutional investors sold 5,000 contracts of CBoT SRW wheat on Friday.
At the hour, the electronic night exchange trades a little more firmly.
The wheat futures on Euronext in Paris followed the negative guidelines from overseas and gave way on all dates. In Canada, analysts are expecting a record wheat harvest, and the US spring wheat harvest also suggests good results. In addition, the forecasts for Australia and Russia were recently raised. In France, the wheat harvest is almost complete, reported the agricultural consultancy FranceAgriMer. Pakistan is looking for 1.5 million tons of wheat by tender. In the EU, the focus is on the rapidly advancing wheat harvest in Germany. The willingness to sell on the cash market in France is low because the wheat and barley harvests were weaker and the uncertainty about corn yields is increasing.

Hansa Terminhandel GmbH
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