The new crop (August/September) Bulgarian feed wheat traded at around €146-€147 ($160-$161) FOB last week, but the offers have climbed to €149 today. The market in Spain traded at €154 CNF Spanish Mediterranean last Friday, although it is now difficult to find sellers to repeat that level. Milling Wheat The Black Sea market remained about unchanged last week. It’s easier to find offers for Ukrainian 11.5 percent protein than for Russian 12.5 percent. The Russian government seems to have abandoned the idea of amending the wheat export tax structure for now. The weather in both Russia and Ukraine is generally favorable for winter wheat development and the spring wheat plantings.Egypt’s GASC purchased 120,000 MT of Romanian wheat and 60,000...
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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