On the local cash markets, mills and concentrate plants are currently showing reluctance to demand grain. They usually only cover your needs for a short period of time. The last active buyers from the Netherlands are currently not very active in the neighboring areas. On the stock exchanges on both sides of the Atlantic, the Janar-WASDE figures from Wednesday are still having an effect yesterday. The March date in Paris loses EUR 5.50 / t and marks a three-month low with the closing price of EUR 265.75 / t. The new estimate of Strategy Grains also had a negative impact on Matif. The analyst firm raised its estimate for the 21/22 season by 0.4%, and the International Grains Council also raised its forecast for global wheat production to 644.2 million tons. At the CBoT, the contracts are giving way just as strongly and started pre-trading today with negative signs. Trade is determined by the expectation of high US acreage. The published export figures showed a positive trend with 264,400 t up to January 6th. At 20%, however, the gap compared to the average of the last few weeks is considerable. Ukraine has so far exported 10.8 million tons of milling wheat, almost achieving its export target of 13.4 million tons.The Ministry of Agriculture urged farmers and exporters to only market feed wheat in order not to further fuel the inflation of bread grain.
Source
VR AgrarBeratung AG
