After the significant price increase on Wednesday, the course for the wheat contracts in Paris was almost unchanged yesterday. The March date lost EUR 0.25 per ton and closed at EUR 303.75. On the cash markets, prices for bread and feed wheat rose yesterday as a result of the rise in stock exchange prices. Barley prices have also been somewhat firmer recently. However, sales on the cash markets continue to decline. Most of the books for this year are already closed because many retailers are already on vacation. Concentrate feed plants are also well supplied with grain until the end of January and are therefore hardly asking for new quantities. The CBoT went south yesterday. After the "cold rally" of the past few days, traders are taking the opportunity to rake in profits and close out positions before Christmas. The cold spell in the Midwest, while still an issue, took a back seat yesterday. The US Department of Agriculture export sales figures released yesterday were in line with previous analyst expectations. According to this, 334,000 tons of US wheat were sold to third countries in the reporting week.Premarket wheat prices on the CBoT today are already recouping losses from the presentation.
Source
VR AGRICULTURAL
