Wheat: Export markets in the focus of trade

Wheat prices were also under pressure on both sides of the Atlantic on the second trading day of the new week. The December date on Euronext/Matif closed with a loss of 1.25 euros/t at 237.25 euros/t. The subsequent contracts also fell, but are all still above the 240 euro/t mark. The European Union's export figures published yesterday show that 190,590 tonnes of common wheat were exported last week, significantly less than in all previous weeks of the new marketing year. Overall, wheat exports remain behind the previous year's volumes. Up to and including September 17th. 6.32 million tons were exported, compared to 8.69 million tons the previous year. Romania, Poland and France lead the export statistics in terms of volume. Germany has exported around 582,000 tonnes so far. However, as traders report, China is currently intensifying discussions with French exporters and is said to have already ordered a quantity of between 300,000 tonnes and 600,000 tonnes. However, there is no official confirmation about this. Egypt reportedly purchased 480,000 tons of wheat from Russia. Export reports also come from Ukraine.IN THE Black Sea port of Choromaorsk, two ships will be loaded with 20,000 tons of wheat each and will go to destinations in Asia and Africa. Concerns about wheat stocks are increasing in Australia. In some places it is currently around 16 degrees warmer than average at this time and farmers and observers are expecting significant damage to the stocks. Before the trading session, the wheat contracts on the CBoT changed direction today and are entering the new trading day with green signs.

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