World: Interest in wheat purchases is increasing

Low prices on world markets stimulate major importers to make purchases. However, the tenders organized by Tunisia, Jordan and Algeria are likely to be dominated by grain from the Black Sea basin. Yesterday's wheat contracts lost again in Paris, although the losses were not too spectacular. The most quoted March contract lost EUR 0.75/t and the price was EUR 229.75/t. In Chicago, the price has gone up a bit. A small batch of American wheat – 110,000 tons - was sold to China, which raises some hopes for trade with France, but it is difficult to predict anything for now. The price of rapeseed maintained yesterday's increase, it dropped by a symbolic EUR 0.25/t to EUR 440/t, and soybean in Chicago lost quite significantly. Its price dropped by 20.75 ct to 1,356.5 ct/bu (EUR 458/t). – Despite the current problems, analysts still expect a record harvest in Brazil, which is primarily due to the expansion of the cultivation area – reports Kaack. The soybean ...