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European wheat market in focus for a week: wheat prices in French ports rise

 Last Update: 2021-05-31
 Source: Internet
 Author: User

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Foreign media news on May 23: foodmate.
net/tag_3729.
html" class="zdbq" title="France-related food information" target="_blank">French foodmate.
net/tag_2057.
html" class="zdbq" title="Wheat-related food information" target="_blank">wheat spot foodmate.
net/tag_2496.
html" class="zdbq" title="Price related food information" target="_blank">prices have risen in the past week , and Algeria may buy French wheat, which will help support the rise in wheat spot prices.

On Thursday (May 20), the delivery price of first-class French wheat at the port of Rouen in France was US$293/ton, an increase of US$7/ton from a week ago.
The price range for the past 52 weeks has ranged from US$201 to US$304 per ton.

The price of second-class wheat in Shanghe, Argentina was US$278/ton, down by US$5 from a week ago; the price of No.
2 hard red winter wheat in the United States was US$285/ton, down by US$11 from a week ago; the price of No.
2 soft red winter wheat in the United States was US$285 /Ton, down 22 dollars from a week ago.

On the Euronext exchange in Paris, France, on Friday (May 21), the most actively traded December wheat futures closed at 211.
5 euros/ton, down 6.
25 euros from a week ago.

　　From an export perspective, Algeria OAIC bought about 400,000 tons of flour wheat through an international bidding on May 19, with optional origin.
The CNF price is about US$295 per ton, and the shipping schedule is from July 1 to 15 and July 16 to 31.
Market participants estimate that French wheat may have an advantage, because new wheat will be launched in France in July.

　　The European Union Food Traders Association (Coceral) released a report on May 18, predicting that EU soft wheat production will be 130.
9 million tons in 2021, 4.
3 million tons higher than the March forecast of 126.
6 million tons.
In contrast, on May 13th, Strategic Grains forecasted a soft wheat production of 129.
6 million tons, an increase of 8.
5% from 119.
4 million tons last year.

　　The French Agriculture Office FranceAgriMer issued a report on May 12, reducing the 2020/21 season's French wheat ending stocks to 2.
6 million tons, which is lower than the 2.
7 million tons forecast last month and a 13% decrease from the previous year's 3 million tons.
The lowest inventory since 2013/14.
This is mainly due to the increase in French wheat exports to EU countries to 5.
7 million tons this month, higher than the 5.
6 million tons predicted in April.

　　At the Port of Rouen, France’s number one wheat export port, data from the port operator Haropa showed that the export volume of wheat at the port of Rouen was 35,425 tons in the week ending May 19, down from 38,700 tons in the previous week, of which 30,000 were exported to Algeria.
Tons, 4,025 tons were exported to the UK and 1,400 tons were exported to Gabon.

　　According to data from the European Commission, from July 1, 2020 to May 16, 2021, the total wheat exports of the 27 EU countries reached 23.
44 million tons, an increase of about 600,000 tons from a week ago.
Algeria is the number one destination for EU wheat exports, importing 5.
15 million tons, accounting for 22.
0%.
China is the fifth destination, importing 1.
77 million tons of wheat, accounting for 7.
5%.
In addition, China is also the number one destination of EU barley, importing 2.
73 million tons, a share of 39.
8%.

　　According to the monthly supply and demand data released by the European Commission on April 29, the EU soft wheat production in 2021/22 is expected to be 124.
8 million tons, which is lower than the March forecast of 126.
7 million tons, but an increase of 6.
48% from the 117.
2 million tons in 2020/21.
.
The ending stocks of EU wheat in 2021/22 were also lowered to 11.
4 million tons, lower than the 12.
9 million tons predicted in March.
The outlook for wheat demand remains unchanged, and exports are expected to be 30 million tons, the same as the March forecast.

　　Euronext's position data shows.
As of May 14, investment funds and financial institutions held 114,842 net long positions in the Euronext milling wheat futures and options market, down from 145,178 lots a week ago.

　　On Friday, the euro exchange rate was 1 euro to 1.
21 U.
S.
dollars, and 1 euro to 1.
20 U.
S.
dollars a week ago.

　　Note: 1 Euro is equal to 1.
21 US dollars

foodmate.
net/tag_3729.
html" class="zdbq" title="France-related food information" target="_blank">French foodmate.
net/tag_2057.
html" class="zdbq" title="Wheat-related food information" target="_blank">wheat foodmate.
net/tag_2496.
html" class="zdbq" title="Price related food information" target="_blank">prices

　　On the Euronext exchange in Paris, France, on Friday (May 21), the most actively traded December wheat futures closed at 211.
5 euros/ton, down 6.
25 euros from a week ago.

　　On Friday, the euro exchange rate was 1 euro to 1.
21 U.
S.
dollars, and 1 euro to 1.
20 U.
S.
dollars a week ago.

　　Note: 1 Euro is equal to 1.
21 US dollars

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