The EU allocated 85,000 MT of “zero duty” import licenses for Ukrainian wheat, leaving a balance of only 140,000 MT under that quota for the rest of the calendar year. The remaining licenses will certainly be taken shortly as Ukrainian origin (without levy) is competitive versus others as well as against corn in Spain. Milling Wheat The Black Sea market is firmer due to slow farmer selling as well as the uptrend in MATIF and CBOT. The Russian ruble is approximately 3 percent higher than last Monday, which complicates the origination.The EU allocated 735,000 MT of wheat export licenses last week, bringing the total to 20.1 MMT versus 23.7 MMT at the same time last year.The Egyptian GASC purchased 240,000 MT last week at the average price o...
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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