23.
01.24
09:37

Russian wheat is under pressure

International price pressure caused losses for Matif wheat yesterday. The front month recorded a loss of 1.25 euros/ton to 216.75 euros/ton. In particular, falling grain prices around the Black Sea put prices under pressure. Russian wheat prices in particular have continued to fall in recent days. Analysts at IKAR announced that wheat prices fell by $4 to $238.00 per ton. On the other side of the Atlantic, wheat contracts ended the day with moderate gains after fairly undynamic trading. In particular, the latest news about US wheat exports, which increased by 29.7% last week, gave the bulls the lead. However, compared to the volume from the previous year, bookings were weaker and were almost 35,000 tonnes lower. Likewise, the total exports this season (10.72 million tons) did not reach the result from the previous year (-2 million tons). However, at the beginning of this week, the major importing countries have not been particularly active on the market. Observers pointed out the large bookings last week and expect the export market to remain quiet this week.

Rückrufservice
Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich