Weather fears push up wheat


first_img Tags: NULL Weather fears push up wheat Share whatsapp KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory whatsappcenter_img Western European wheat markets extended gains yesterday as adverse crop weather in the southern hemisphere and harvest rain in Germany reinforced concerns about global supply in the wake of a severe drought in Russia.Benchmark European futures in Paris broke resistance levels to hit new three-week highs, while Germany’s cash market set a 28-month peak as relentless rain continued to threaten the quality of the new crop.Milling wheat futures on Euronext rose three per cent as technical momentum from the breaching of resistance added to support from weather concerns.Adverse growing weather in Australia and Argentina was adding to tension in world wheat markets. The two southern hemisphere exporters had been expected to help offset a shortfall in Russian supply. “These are two origins that are timed for the second half of the export campaign. If there are problems with them, where are we going to go and get wheat?” one trader said. November milling wheat was up €7 or 3.17 per cent at €227.50 a tonne. It earlier marked an intraday high of €229.25, the highest level since 6 August, as it moved closer to a contract high of €236 set on 5 August. Euronext re???mained underpinned by strong export activity as French milling wheat remained highly sought-after amid a Russian export freeze and a lack of quality in Germany’s rain-blighted harvest, which boosted premiums for milling-grade wheat.Traders cited interest from Moroccan buyers in the light of the suspension of the country’s import tariffs, while data from French ports showed loadings scheduled for a range of Middle Eastern destinations including Syria as well as a cargo due for Nigeria. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Show Comments ▼ Monday 30 August 2010 9:05 pmlast_img

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