16.
11.20
07:16

Grain mail

Opportunity purchases with short coverage by fund companies after the latest 1-month low and positive indicators from Kansas City and Minneapolis wheat caused the wheat futures to close at a premium on Friday in Chicago. The front month of December 20 has lost more than 7% of its value since reaching the 6-year high last month and fell to its lowest price since October 6th during trading. The weekly US export sales of 300,500 tons of US wheat were in line with market expectations of 200,000 - 700,000 tons. Institutional investors bought 4,000 contracts of CBoT SRW wheat on Friday. The eCBoT is trading weaker this morning. At Euronext in Paris, the wheat futures could only partially follow the positive targets from overseas and ended the last trading day of the week inconsistently. However, the cash market remained firm due to good international demand. Algeria bought 600,000 tons of wheat on Thursday, according to traders. It is expected that predominantly French wheat will be selected for this, with Germany and Poland also likely to account for part of the volume. Russian wheat was once again viewed as too expensive. Germany is hoping for further sales to Pakistan and Iran.

Source
Hansa Terminhandel GmbH
Rückrufservice
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