13.
10.20
07:18

Grain mail

Wheat trading on the CBoT ended yesterday with almost unchanged rates. In the end, the courses were able to recover slightly from the negative area in day trading. This morning Chicago is trading the wheat future firmer again.
Wheat prices remained firm on the Paris Matif and ended the day near the contract high of the December 20 date. Spot prices continue to rise in Russia and Ukraine, as the drought there means that farmers can only cultivate 85-90% of their planned winter wheat areas. The willingness to sell from agriculture is low despite the rise in prices. In this country, the grain industry is waiting for the result of a wheat tender from the Algerian state grain buyer OAIC. For the first time, providers from the Black Sea region are also permitted. Algeria had relaxed the specifications for this, as otherwise the quality requirements for Russian and Ukrainian wheat could not be met. Even if the Russians shouldn't have a chance this time due to high local prices, they now have their foot in the door to the Algerian market. Because France's wheat harvest was meager, Germany now has a good chance of being able to deliver.

Source
Hansa Terminhandel GmbH
Rückrufservice
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