Better international demand supports wheat prices on Matif, and the price of rapeseed is also rising significantly in the world market

Yesterday's quotations in Paris allowed wheat prices to increase, although they are limited by the strong euro. However, rapeseed prices gained a lot and almost made up for the losses incurred since the beginning of the week. The wheat market continued to recover on Wednesday from multi-month lows hit earlier in the week, but gains in Paris were limited by a stronger euro. The most frequently quoted December contract closed on Matif with a profit of EUR 1.25 at a price of EUR 223.75/t. On CBoT, the most active September futures contract increased by 8.5 cents (to EUR 181/t). The wheat market was supported by better international demand midweek, with western European wheat benefiting little due to low prices in the Black Sea. Algeria bought 600,000. tons of wheat, probably mainly from Black Sea countries, after Egypt reserved 720,000 on Tuesday. tons of wheat in Russia and Bulgaria. Goods from the Black Sea also reached merchants in Asia. Korea bought 40,000 from the USA. tons of ...