On Friday, the wheat contracts on the Euronext/Matif said goodbye to the previous week with a green sign. The December contract closed the trading day at EUR 342 per tonne and is therefore listed below the price of last week, Friday, when EUR 350.75 was still on the display board. The voices from the negotiations on the Ukrainian grain corridor are mixed. Russian officials complain that their positions are not being heard, while the Turkish president said he sees no reason not to continue the agreement. According to traders, Turkey ordered 470,000 tons of wheat on Friday, most likely from Russia. In general, Russian wheat exports are currently very dynamic. the weekly export reports indicate that October could be a particularly strong export month for Russia. Winter wheat sowing in Russia is halting, particularly in the country's western growing areas, due to persistent rainfall. Wheat futures barely moved on the CBoT. In a report for Australia, the USDA expects record-breaking wheat production.Above-average yield potential was shown, the harvest could reach 34.00 million tons and would be the second largest in the history of the country after the previous year. Last year, 36.3 million tons of wheat were harvested from the fields Down Under.
Source
VR AGRAR
