PROCESSORS

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

Canadian wheat prices for FOB delivery West Coast were (Cdn$/mt): – for the N1 class CWRS 13.5% – $540.6, down $5.56 per tonne; – for the N2 class CWRS 13.0% – $527.46, down $9.32/t;– for the N3 CWRS – $470.21, down $14.49;– for the N1 CWAD FOB Great Lakes – $868.15, up $6.21 per tonne.(1USD=Cnd$1.2754).US HRS for Dec. ’21 is

US farm markets started the week with little changes, as traders are squarring ahead to the next round of supply and demand data from USDA, which the agency will release on Thursday morning.  Thus, corn prices ended the session narrowly mixed with front contract 0,09% lower. Soy futures complex also traded mixed. Soybean prices eased 0.45%