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Cereals daily: Eastern Europe's crops increase tremendously

May 19, 2021 at 11:06 AM, Der AUDITOR
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CHICAGO/PARIS. Market and price trends with first trade assessments. China surprises with further import demand. COCERAL updates its EU production forecast. Algeria announces a new wheat tender.

Wheat: crops in France and Eastern Europe increase strongly

First results of the Kansas wheat tour show above average yield expectations for US wheat. This could lead to larger correction in the US wheat forecast. Beijing's customs data show that China imported 900,000 mt of wheat in April, which would be up 146% compared to April 2020. China's total wheat imports in April were 3.83 million mt. The Western European wheat market was boosted by a wheat tender from Algeria for 50,000 mt of milling wheat with a bid deadline of 20 May. Bangladesh is looking for

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