Little demand for grain on the spot markets

The signs for wheat remain negative. At the start of the week, the front month on the Paris stock exchange went south by 2.25 euros to 218.50 euros per ton. A similar picture emerges on the cash markets. If demand is low, prices also fall here. Franko Südoldenburg was quoted prices between 208 and 216 euros yesterday. Because of the protests, some shipping companies have stopped grain logistics this week, which is also ensuring quiet trade. However, higher quantities of wheat, barley and rye stocks are still suspected everywhere in the Federal Republic. The USA also has negative guidelines for the European market. Wheat prices also went south on the CBoT. Here, as in Europe, the weak export business is a burden. After weak sales figures on Friday, the USDA published the weekly export shipments yesterday, which at 491,074 were significantly better than in the previous week and the same week last year, but still did not hide the shortfall of the season so far compared to the previous year. By January 4th, US exporters had exported around 2 million tons less wheat.Snowfall and frost are forecast for the US growing regions in the coming days. However, market participants are not yet worried about quality because the snow cover should protect the stocks. However, there are slight attempts at recovery on the CBoT today before the trading session.

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