LONDON (Dow Jones)--European wheat futures extended losses Wednesday in their fourth consecutive close lower in Paris and eighth consecutive close lower in London. "A lot of European ports are full, demand is lackluster, it's hard to see any potential upside for prices," said Luke Chandler, director of agricultural commodities research at Rabobank. "Since the end of May prices have dropped 20% and they're likely to push another 5% to 7% lower in coming months." November Paris milling wheat traded down EUR1.50, or 1.2%, at EUR121.50 a metric ton, with 7,293 lots moved. London November feed wheat traded down GBP0.75, or 0.8%, at GBP92.25/ton, with 235 lots moved. The world outlook remains positive with wet weather in Argentina easing concerns of dryness. Australia's crop continues to be pegged at between 22 million and 23 million tons, a big improvement from recent years production. Brokers said they have never seen such a smooth crop year, with so few weather issues or problems with production. However, this has led to fears of where all the wheat will end up, with global trade expected to fall sharply on year. In Europe, competition will be tough with Ukrainian exports which are very competitively priced, said Chandler. Standard-quality wheat prices in the French cash market delivered at Rouen were down EUR4 from Tuesday at EUR114/ton. Paris-based November rapeseed traded up EUR0.50, or 0.2%, at EUR263.75/ton, with 2,309 lots moved. Liffe's Paris November corn traded down EUR2.00, or 1.6%, at EUR119.25/ton, with 796 lots moved.
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
29800.00 | + 650 | 30000.00 | + 840 |
ПФО |
28940.00 | + 990 | 29000.00 | + 950 |
СКФО |
29450.00 | + 750 | 30000.00 | + 1050 |
ЮФО |
29250.00 | + 1100 | 29700.00 | + 750 |
СФО |
29300.00 | + 900 | 29500.00 | + 1200 |
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
72000.00 | + 1000 | 73300.00 | + 50 |
ЮФО |
69800.00 | + 0 | 74000.00 | + 0 |
ПФО |
71500.00 | + 500 | 73100.00 | + 100 |
СФО |
72500.00 | + 500 | 74900.00 | - 100 |
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