28.
11.22
14:53

Matif-Weizen says goodbye with a green sign on Friday

Wheat prices on Euronext ended the last trading day of the past week with a green sign. The December front month, which is about to expire, recorded a gain of EUR 5.5/ton to EUR 326.75/ton. Despite red signs from overseas, news that Ukrainian exports are again lagging provided bullish impetus. The US went into the red zone ahead of the weekend. Contracts failed to recover after the Thanksgiving holiday. In addition, US exports were weaker and, at 138,000 tons, were below the level of the previous year. Overall, export orders reached a volume of 511,000 tons last week. Meanwhile, in most parts of South America, combine harvesters are running at full speed. In Argentina, work is reported to have reached 13% so far. According to the BAGE, however, only 48% of the stocks are in good condition. In Australia, the harvest is heading towards the home straight with a progress of 91%.

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