Most of the wheat contracts on the Euronext/Matif increased on yesterday's trading day. The front month gained EUR 5 per tonne, the March date, which is currently traded most frequently, rose by EUR 0.75/t to EUR 321.75/t. The cash markets start the new week with low turnover. At the end of the last week of trading, more producers were obviously willing to negotiate the sale of their goods due to the nervousness on the stock exchanges. According to the analysis company ICAR, wheat prices in Russia continue to fall. Earlier this week, fob prices there are down $3. The extended grain corridor caused corresponding price pressure here as well. On the CBoT, wheat went south again yesterday. The December contract lost 4 US cents/bu and closed at the equivalent of 286.65 euros/t. The USDA already published the weekly export shipments yesterday, which caused some optimism among market participants. During the week ending November 17th. 279,904 tons of wheat were loaded, which is 64 percent more than in the previous week. On a season-to-date basis, wheat exports are now only 234,000 tons behind.
Source
VR AGRICULTURAL
