Grains - Grain Products

Cereals daily: strong pressure on prices from the Black Sea region

October 14, 2020 11:04 AM, Der AUDITOR
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CHICAGO/PARIS. Market and price trends with first estimates.

Wheat: Agreste reduces crop estimates
Agreste reduced France's wheat crop by 300,000 mt to 29.2 million mt, leaving the volume 10.4 million mt below last year. No information was disclosed about the outcome of Algeria's tender. The Ukrainian corn market is currently driving up prices. Because wheat is also being offered only modestly, EU imports are increasing again. Imports of Canadian wheat rose by 90%, of Ukrainian wheat by 26% and of Serbian wheat by 648%. Ukrainian wheat exports are expected to remain 600,000 mt below last year's leve

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