Good supports the European exports of wheat
Tuesday quotes European wheat is significantly strengthened due to the revival of export demand. A large number of ships with wheat almost ready to go from French ports to buyers from Morocco, Algeria, Thailand, Mexico and South Korea.
counting on a further rise in prices, farmers began to hold back grain batch that also affected the dynamics of trading. Responded to the market and to the revision downwards by 3.7 % forecast for the wheat harvest in Germany.
September quotes milling wheat on the Paris MATIF rose 1.75 euros/tonne to 164,75 Euro/tone or 186,81 $/ton.