19.
10.20
06:23

Grain mail

Wheat prices in Chicago reached their highest level in 6 years on Friday. Purchases by fund companies and unfavorable weather conditions in major wheat-growing areas around the world continued to drive prices. In Argentina, the US Plains and the Black Sea region, wheat stocks suffer from overly dry weather conditions. The weekly US export sales of 528,500 tons of wheat for 2020/21 and 71,200 tons of wheat for 2021/22 were at the upper end of market expectations and at the highest level in seven weeks. Institutional investors bought 3,500 contracts of CBoT SRW wheat. This morning the e-CBoT is once again acting more firmly.
The upward trend also continued on Euronext in Paris and the wheat futures posted premiums on all dates for the fourth consecutive session. The front month of December 20 rose by 1.1% and reached a new contract high at a rate of 209.50 euros / ton. The Argentine grain exchange Rosario lowered its forecast for the wheat harvest 2020/21, citing drought and frost from 18.0 to 17.0 million tons. Pakistan bought 340,000 tons of wheat on the world market as part of an international tender process.

Source
Hansa Terminhandel GmbH
Rückrufservice
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