13.
02.24
09:46

Wheat: Willingness to sell increased

The noticeable recovery from Friday could not continue at the start of the week. The contracts in Paris closed in red. The most traded May contract closed with a loss of 0.75 euros at 206.00 euros/t. Prices on the cash markets remained unchanged yesterday. feed wheat ffr. As at the end of last week, South Oldenburg was quoted at 198 euros/t. In many regions, grain dealers' offices are closed yesterday and today because of Shrove Monday. However, the buyer side as a whole is relaxed due to the falling price trend and is mostly waiting to see further developments. However, agriculture's willingness to donate has recently increased. Many people lack the imagination that prices will increase in the near future. According to the figures from the USDA-WASDE report and the continued high export competition from Russia and Ukraine, the prices are still under pressure. Russia's Ministry of Agriculture has meanwhile published plans according to which the export cap will be lifted from February 15th until the end of the marketing year on June 30th. to be increased by 4 million tonnes to a total of 28 million tonnes. Stocks in Russia are high, especially barley, wheat and corn. Yesterday, wheat prices on the CBoT traded inconsistently in a sideways movement, but today they are trending towards losses again in the premarket. US export inspections in recent weeks brought 407,000 tonnes of wheat shipments, around 110,000 tonnes more than in the previous week. Overall, wheat shipments are still behind the previous year's volumes. At this point in 2022, 2.6 million tons more have already been shipped.

Source
VR AGRICULTURE
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