The Black Sea market remains under pressure as demand is on an "as-needed basis" with buyers in the major destinations reluctant to cover their needs for forward positions at current prices. Milling Wheat The Black Sea market remains under pressure as demand is on an "as-needed basis" with buyers in the major destinations reluctant to cover their needs for forward positions at current prices.Egypt's GASC bought 115,000 MT of Ukrainian wheat and 60,000 MT of Russian origin at an average price of $194.74/MT. The lowest offer for French wheat was approximately $18/MT higher on a CNF basis. Additionally, that wheat also had 13.5 percent moisture, but GASC requires a maximum 13 percent.The EU allocated 349,000 MT of wheat export licenses, brin...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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