21.
09.20
06:05

Grain mail

Speculative purchases, fixed cash market prices on the world market and unfavorable weather conditions in Argentina and the Black Sea region caused the wheat prices to close in Chicago on Friday with clear gains. In a weekly comparison, the front month of December 20 rose by 33 cents or 6.1%. That was the fifth week increase in the past six weeks. Institutional investors bought 15,000 contracts of CBoT SRW wheat on Friday.
This morning the e-CBoT is trading at a moderate premium.
The wheat futures on Euronext in Paris followed the upward trend from overseas on Friday and closed at their highest level in almost five months. The lively international demand and price increases at the leading exporter Russia fueled the share price development. Russian export prices were driven by a number of import tenders designed to soak up some of the large Russian harvest, slow sales from agriculture and the weakness of the ruble.

Source
Hansa Terminhandel GmbH
Rückrufservice
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