EU Grains Mostly A Touch Higher

Posted by Nogger - a legend in his own mind at 09:09 | Categorized as

11/11/15 -- EU grains closed mixed but mostly a touch higher on the day.

At the finish, Nov 15 London wheat was down GBP0.30/tonne at GBP113.00/tonne. In Paris, Dec 15 wheat was EUR0.75/tonne higher at EUR181.50/tonne, Jan 16 corn was down EUR0.25/tonne EUR167.50/tonne and Feb 16 rapeseed was up EUR1.00/tonne to EUR375.75/tonne.

Egypt's GASC bought 120,000 MT of wheat for December shipment, split one cargo each of Russian and French origin.

Rusagrotrans said that the country had planted 16.2 million ha of winter grains so far, and that the final area sown would probably end up at 16.3-16.4 million ha, a bit below last years level.

They see total Russian winter grains production at 46.5 MMT versus 48.3 MMT this year.

Russian seaports are reported to have exported 24.9 MMT Jan/Oct, a small 2.4% increase on the same period in 2014.

A German organisation, UFOP, estimated the winter rapeseed area there for the 2016 harvest at 1.339 million ha versus 1.284 million a year previously.