22.
01.24
09:38

US export figures above expectations

Before the weekend, wheat prices on Euronext continued north. The most traded March gained one euro to close at 218 euros/ton. The escalating situation in the Red Sea in particular led to an increase in the purchase of short contracts. The Red Sea trade route is currently avoided by many trading companies, causing delays in transport. According to experts, only just under 3 million tons instead of the usual 7 million tons are currently being transported via the dangerous route of the Suez Canal. In the USA, the export figures caused a surprise on Friday. These were significantly higher than expected and reached a volume of 707,600 tons. Especially compared to the previous week (128,100 tons), exports have gained increasing momentum and supported the development of contracts. The front month recorded an increase of 7.75 US cents/bushel and is equivalent to just under 200 euros/ton. Meanwhile, the weather prospects for a large part of the USA seem to be improving again. After last week's cold weather, things are expected to become much friendlier again in the coming days, so that worries about possible yield losses due to frost will subside again.

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