10.
11.20
07:40

Grain mail

The wheat futures in Chicago were the weakest link in the agricultural complex yesterday and closed with moderate losses. Positioning before today's WASDE report put a strain on the market. The weekly US export inspections were in line with market expectations at 304,239 tons of wheat. Institutional investors sold 3,500 contracts of CBoT SRW wheat yesterday. The eCBoT is trading further losses this morning.
At Euronext in Paris, the wheat futures were able to evade the negative targets from overseas and closed with moderate profits on all dates. The good export demand on the world market, the drop in the exchange rate of the euro in the course of trade and hopes for a vaccine against Covid-19 soon gave support to the exchange rates. Russian wheat export prices rose again last week after falling the week before. Russian wheat with 12.5% protein from the ports on the Black Sea was at 253 USD / ton FOB at the end of last week (+2 USD compared to the previous week), reports the Russian agricultural consultancy IKAR. Saudi Arabia's state grain buyer SAGO, according to its own information, bought 860,000 tons of wheat of optional origin for delivery in February / March 2021.

Source
Hansa Terminhandel GmbH
Rückrufservice
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