05.
01.22
10:22

US inventory rating corrected downwards

The Euronext wheat yesterday was able to make up the losses from the beginning of the week and ended trading slightly firmer. The leading month of March recorded a profit of 5.25 euros / ton to 249.25 euros / ton. The prices were mainly supported by the bullish sentiment on the US stock exchanges, as well as by global demand. Tunisia is again looking for 125,000 tons of wheat on the world market. According to the EU Commission, EU common wheat exports up to January 2nd amounted to 14.01 million tons. Last year the value at the same time was 13.63 million tons. Maize exports also developed positively compared to the previous year and amounted to 2.66 million tons. The futures rebounded yesterday at the CBoT. The main focus is on the weather and the impact on large parts of the northern hemisphere. The USDA has rated the winter wheat stocks significantly worse than most expected. Around 33% in Kansas and 20% in Oklahoma received the rating good to excellent. Profits were curbed by weak US exports.

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