Grains - Grain Products

Cereals daily: market ups and downs

November 19, 2020 10:38 AM, Der AUDITOR
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CHICAGO/PARIS. New data on China's hog market has given wheat and corn a lift. Buyers are keeping a close eye on China's activities, Russia's export strategy and any shifts in supply.

Wheat prices continue to rise

Strong export demand is driving up prices in France and Germany, especially since Algeria and China are buying large volumes. Algeria has purchased 600,000 mt of common wheat in France and Germany. Pakistan has issued a tender over 300,000 mt of common wheat. Exports from France to China are surprsingly strong. They are expected to reach 1.5 to 2 million mt this season. Russia's export quota has prompted exporters to concentrate on conducting business this year. Australia's record production is expected to weigh on the market after t

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