16.
10.20
06:18

Grain mail

The wheat prices on the CBoT were the strongest link in the agricultural complex yesterday, the prices closed at a 6-year high. The drought in large parts of the USA, Argentina and Russia as well as price increases for Kansas City and Minneapolis wheat drove the market up further. Argentina's Rosario yesterday reduced its estimate of the wheat harvest 2020/21 from 18 million tons to 17 million tons. Jordan has put out a tender for the purchase of 120,000 tons of milling wheat of optional origin. Institutional investors bought 14,500 CBoT SRW wheat contracts yesterday.
This morning the e-CBoT night exchange is trading stable.
At Euronext in Paris, the wheat futures followed the positive guidelines from overseas. In the last four weeks, the stock exchange prices rose by more than 20 € / ton. Strategy Grains has raised its forecast for common wheat exports from the EU + UK. In their monthly report, the experts forecast exports for 2020/21 outside the EU + GB at 25 million tons compared to 23 million tons in September. The negotiations over wheat deliveries in the Algerian tender are proving difficult. Traders believe that EU countries can deliver because wheat from the Baltic States is 8 € / to and German is 7 € / to cheaper than Russian.But Argentina is also still in the race.

Source
Hansa Terminhandel GmbH
Rückrufservice
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