Wheat prices are afternoon in Europe today in a thin trade under pressure, because they expect that international demand is weaker in the coming weeks after there are again problems with Egypt tenders.
State Egyptian trade GASC was more expensive than last week now only an offer for wheat from the Ukraine, about €6 / ton. It was the first call for proposals of Egypt after it became known that there is no tolerance with regard to of the inset with ergot more. One wonders where the wheat will drain when not even the world's largest wheat customer gets offers in Europe.
Traders and observers of the Paris derivatives exchange are not surprised that there is no party to the tougher conditions. The risk of a complaint is too large the dealers. France is involved but anyway not on the international grain market, as here, the crop was very small and the wheat on the international price level recorded.
Wheat with 12% protein from Hamburg quoted with a premium of 2 to €2,5 / ton on the Paris stock exchange listings. Despite the many rains, the qualities of the North German grain are quite neat. And the countries in the Baltic States have retracted enough good qualities.
