Danube wheat showed a price increase

Danube wheat showed a price increase

Wheat trades on the Chicago Board of Trade (ZWU3) reacted to the decline due to increased estimates of ending stocks and a decrease in US exports, which was reflected in the August USDA report. As a result, wheat quotations decreased by $0.11/b to $6.26/b.


This information is spreading on social media by economic analysts.


The Euronext temporary wheat contract (EBMN3) also showed a drop of 1.0 €/t to 236.5 €/t.


Prices for milling wheat moving towards the Danube ports showed a slight increase. This phenomenon became possible due to the advantages in the supply of feed quality grain on the market. They amount to 174 USD/t on DAP-Port Danube terms (11.5%).

 





Wheat trades on the Chicago Board of Trade (ZWU3) reacted to the decline due to increased estimates of ending stocks and a decrease in US exports, which was reflected in the August USDA report. As a result, wheat quotations decreased by $0.11/b to $6.26/b.


This information is spreading on social media by economic analysts.


The Euronext temporary wheat contract (EBMN3) also showed a drop of 1.0 €/t to 236.5 €/t.


Prices for milling wheat moving towards the Danube ports showed a slight increase. This phenomenon became possible due to the advantages in the supply of feed quality grain on the market. They amount to 174 USD/t on DAP-Port Danube terms (11.5%).