Grains - Grain Products

Cereals daily: strong price movements before Easter

April 1, 2021 3:21 PM, Der AUDITOR
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CHICAGO/PARIS. Market and price trends with first trade assessments. The USDA quarterly report surprises the market and the export market also recovers again after yesterday's price drop. Algeria's wheat tender surprises the market players.

Wheat: Algeria buys around 500,000 mt

Wheat prices set unexpectedly upwards for the trade. It was announced from France that Algeria bought 500,000 mt of common wheat yesterday, probably in France, Germany and Poland. This was above expectations. The USDA quarterly report showed some surprises. The USDA estimates the total wheat acreage in 2021 at 46.4 million acres, which would be 5% more than last year. The area under winter wheat is about 9% higher at 33.1 million acres; a good 31.8 million acres had been expected. Spring wheat acreage is expected to de

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