30.
09.20
06:15

Grain mail

Technical sales leading up to the USDA quarterly report depressed wheat futures in Chicago yesterday. Urgently needed rainfall in Russia and Ukraine, however, limited the downside potential. At 6:00 p.m. today, the US Department of Agriculture released its quarterly inventory in the United States. Institutional investors sold 2,000 contracts of CBoT SRW wheat yesterday. The electronic night exchange is currently trading almost unchanged. The wheat futures on Euronext in Paris followed the negative guidelines from overseas and closed with losses on all maturities. The increased exchange rate of the euro also exerted pressure. The excessively dry weather conditions for winter grain sowing in Russia kept Russian wheat prices stable. Higher prices in Lithuania are raising hopes in Germany that more export business for Algeria could be relocated to German ports. Fixed premiums suggest that the Baltic states' exports could tighten, which would be good news for Germany.A small harvest in France this year has resulted in French wheat being increasingly replaced in Algeria by Lithuanian, German and Polish deliveries.

Source
Hansa Terminhandel GmbH
Rückrufservice
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