Grains - Grain Products

Cereals daily: China buys more wheat in France

November 6, 2020 at 10:04 AM, Der AUDITOR
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CHICAGO/PARIS. Exports are driving the wheat market up in Western Europe and the Black Sea. Much hinges on demand in China. Speculations are rife over a possible restriction of exports for corn in Ukraine.

Physical wheat markets are up in Western Europe

Prices have risen sharply in Western Europe and the Black Sea, mainly driven by exports. Egypt bought 300,000 mt of soft wheat in Russia, although prices offered in France ranged on a similar level. Saudi Arabia has issued a tender over 600,000 mt of durum wheat for delivery in February/March. Flour mills in France have conducted purchases temporarily, whereas spot market trading is largely subdued in West Germany. Suppliers in France are highly focused on China. Demand is also high for brewing and feed barley in Ch

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