Grain mail

The strong international wheat demand combined with good US exports, price increases for Kansas City and Minneapolis wheat and positive specifications from the soy and corn complex caused the wheat futures to close in a shortened session on Friday in Chicago with premiums. In a weekly comparison, the currently most liquid maturity March 21 rose by 6 cents. It was the second consecutive week increase. The weekly US export sales of 795,800 tons of wheat were well above market expectations of 200,000 - 450,000 tons. At the moment the eCBoT is acting moderately harder. At Euronext in Paris, the wheat futures could not follow the positive targets from overseas and ended the last trading day of the week almost unchanged. The increased exchange rate of the euro against the US dollar weighed on the European wheat market. The Russian agricultural consultancy IKAR expects the grain harvest to decline to 125 million tons in 2021 (previous year: 130.5 million tons). The Russian wheat harvest in 2021 could drop from 84 million tons (2020) to 78 million tons. According to a survey published on Friday, the UK's wheat acreage could rise to 1.815 million hectares for the 2021 crop.That would be an increase of 28.3% compared to the 2020 harvest.

Hansa Terminhandel GmbH
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