15.
09.20
06:02

Grain mail

Buying activity after the price decline on Friday, the lower crop estimate in Canada and increased cash market prices in Russia caused the wheat futures to close at moderate premium yesterday in Chicago. Canada lowered its monthly wheat harvest forecast for 2020 from 35.74 million tonnes to 34.1 million tonnes. The weekly US export inspections of 637,226 tons of wheat were in line with market expectations of 450,000 - 700,000 tons. Institutional investors bought 3,000 contracts of CBoT SRW wheat yesterday. At the moment the eCBoT is acting moderately harder. With low sales, the wheat futures were able to tighten slightly on the dates of the 2020 harvest. The follow-up dates for the 2021 harvest, however, closed inconsistently. Russia's wheat export prices rose for the third year in a row last week. Russian wheat with 12.5% protein loaded at Black Sea ports for delivery in September rose $ 8 from the previous week to $ 224 / ton FOB late last week, reports ICAR. Saudi Arabia's state grain buyer SAGO yesterday announced the purchase of 745,000 tons of wheat of optional origin. At the cash market in Hamburg, the premiums for wheat with 12% protein for delivery in September are 1.50 euros below Paris December 20

Source
Hansa Terminhandel GmbH
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