• You will need to login or register before you can post a message. If you already have an Agriville account login by clicking the login icon on the top right corner of the page. If you are a new user you will need to Register.

Announcement

Collapse
No announcement yet.

Same song sheet in western canada darn russian #wheat

Collapse
X
Collapse
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Same song sheet in western canada darn russian #wheat

    SINGAPORE, Feb 8 (Reuters) -

    * Flour mills in Asia are seeking Black Sea wheat for shipments in March-April, typically the peak marketing season for the Australian crop, because of ample global supplies and competitive prices, trade sources said.

    * Wheat cargoes with 11.5 percent protein from Ukraine are being offered at $225 a tonne, including cost and freight (C&F), compared with Australian Premium White wheat quoted at $253-$255 a tonne.

    * “Black Sea prices have gone up due to a rally in Chicago futures, but the Australian wheat is even more expensive,” said one Singapore-based trader. He declined to be identified as he was not authorised to speak with media.

    * Chicago wheat futures have gained 4.6 percent in the last two sessions, buoyed by concerns over U.S. weather and short-covering by investors. The market was trading down 0.2 percent at $4.59-1/2 a bushel by 0545 GMT.

    * Australia, the world’s fourth-largest wheat exporter is forecast to produce 20.3 million tonnes of wheat this year, 42 percent below last year’s record crop of more than 35 million tonnes.

    * But world wheat supplies are abundant following bumper production in some exporting countries, including Russia.
  • Reply to this Thread
  • Return to Topic List
Working...
X

This website uses tracking tools, including cookies. We use these technologies for a variety of reasons, including to recognize new and past website users, to customize your experience, perform analytics and deliver personalized advertising on our sites, apps and newsletters and across the Internet based on your interests.
You agree to our and by clicking I agree.