Weekly Grains Performance
French milling wheat was the biggest gainer in the market this week on ideas that there aren't too many quality sellers around at the moment. With the northern European harvest stalled on wet weather, full spec milling wheat premiums in the UK have risen to GBP25-30/tonne over feed wheat. Malting barley values also rose on ideas that much of what is left standing in the rain won't make the grade.
France have been picking up the lions share of Egypt's recent tenders, and are kicking off the 2010/11 export season at a rapid rate. US wheat declined sharply Tuesday/Wednesday after missing out on the latest Egyptian tender, but recovered some of those losses by the end of the week.
Soya was up on strong demand, especially from China and talk of SDS and other US yield related losses due to heat/dryness.
France have been picking up the lions share of Egypt's recent tenders, and are kicking off the 2010/11 export season at a rapid rate. US wheat declined sharply Tuesday/Wednesday after missing out on the latest Egyptian tender, but recovered some of those losses by the end of the week.
Soya was up on strong demand, especially from China and talk of SDS and other US yield related losses due to heat/dryness.
Commodity Month Fri Cls Weekly Change
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CBOT wheat Sep10 662.50 -16.50 (- 2.4%)
KCBT wheat Sep10 700.25 - 5.25 (- 0.7%)
MGEX wheat Sep10 707.00 + 7.00 (+ 1.0%)
Paris wheat Nov10 220.50 +10.75 (+ 5.1%)
London wheat Nov10 152.00 + 2.40 (+ 1.6%)
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Paris corn Nov10 192.25 + 4.00 (+ 2.1%)
Paris rapeseed Nov10 373.00 +12.00 (+ 3.3%)
Paris barley Nov10 233.00 + 9.00 (+ 4.0%)
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CBOT soybeans Sep10 1022.00 +12.75 (+ 1.2%)
CBOT soymeal Sep10 307.80 + 7.00 (+ 2.3%)
CBOT soyoil Sep10 40.20 + 0.68 (+ 1.7%)
CBOT corn Sep10 421.00 - 0.25 ( n/a )
