21.
10.20
06:24

Grain mail

The wheat prices in Chicago were able to expand their profits yesterday and ended the day with price increases for the fifth time in a row. The front month of December 20 reached the highest level of trading since December 2014. Unfavorable weather conditions in important global wheat-growing areas, the lower exchange rate of the US dollar to the euro and price increases in the soy and corn complex gave the market support. Institutional investors bought 4,000 contracts of CBoT SRW wheat yesterday. This morning the electronic night exchange is again trading moderately more firmly. The wheat futures on Euronext in Paris gained at the beginning of trading and reached a new high of € 214 / ton on the December 20 maturity. In the further course, however, the prices fell and ended the trading day unchanged to moderately weaker. The increased exchange rate of the euro against the US dollar and welcome rainfall in Russia put a strain on the market. Traders are eagerly awaiting the outcome of Algeria's wheat tender, which is expected today.France and other suppliers from the EU are said to have the greatest chances after a change in import conditions precludes competitive offers from the Black Sea region.

Source
Hansa Terminhandel GmbH
Rückrufservice
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