energy

According to the European Commission, softwheat exports from the EU in the 2021/22 season that started in July continued to run last week.Indeed, as of Dec. 05, EU soft wheat exports had reached 12.84 million tonnes, up from 11.62  million tonnes of last week and above last season, when 11.54 million tonnes had been exported by the same weekAs […]

Overall, the wheat outlook is unchanged for now. Global demand remains strong and end users are still buying at consecutively higher prices.In fact, Jordan bought 60k mt of wheat for LH June at $351.50/mt, presumably based on new crop Balkan wheat, but other offers were much higher at $393-403/mt.Tunisia bought 100k mt of soft wheat at $382-388/mt and 92,000

The rail recovery in Canada continues to be slow.Rain is still hampering repair efforts. Consequently, deliveries to Vancouver terminals were small and will continue to be restricted also in the next days. In this context, Canadian Gov’t has asked Vancouver terminals to prioritize feed grain deliveries to British Columbia over wheat exports. Indeed, Canadian wheat exports (exluses durum) during week 17 were 245.4k mt