It has become difficult to find offers for Russian 12.5 protein wheat below $180 FOB, while German wheat with similar quality is offered at $175 FOB. Meanwile, farmers in Romania and Bulgaria are concerned about low prices as they still hold large stocks. Milling Wheat The Black Sea market remained about unchanged last week. The liquidity in the export market in Russia and Ukraine is shrinking. It has become difficult to find offers for Russian 12.5 protein wheat below $180 FOB, while German wheat with similar quality is offered at $175 FOB.Egypt’s GASC held four tenders during the past three weeks and cancelled two of them, claiming that the offered prices were too high. It purchased 60,000 MT of Romanian wheat at $190.88 ten days ago. T...
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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