01.
09.20
06:32

Grain mail

Chicago wheat futures closed at a 4 month high yesterday. Rising cash market prices in Russia and Ukraine and the weaker exchange rate of the US dollar gave the market support. The weekly US export inspections of 516,131 tons of wheat were in line with market expectations of 400,000 - 700,000 tons. Institutional investors bought 5,000 lots of CBoT SRW wheat yesterday. The e-CBoT is trading almost unchanged this morning.
At Euronext in Paris, the wheat futures were unable to maintain the daily profits despite the good specifications from overseas and closed with losses. Russia's wheat export prices rose sharply last week as wheat futures rose in Chicago and Paris and international demand from foreign buyers rose sharply. 12.5% protein Russian wheat, loaded at Black Sea ports for delivery in September, was $ 211 / tonne FOB late last week, up $ 9 from the previous week, ICAR reports. Common wheat exports from the EU and Great Britain in the current marketing year 2020/21 fell by 47% compared to the same period of the previous year. In Germany, the recent price hike curbed domestic demand after mills made large purchases in recent weeks.

Source
Hansa Terminhandel GmbH
Rückrufservice
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