15 October 2015

  • Brussels has issued weekly wheat export certificates amounting to  447,244 mt, which brings the season total to 6,796,766 mt, which is 1,118,838 mt (14.13%) behind last year.
  • Chicago markets are again a touch lower into tonight’s close and both London and Paris markets also closed in negative territory.
  • The NOPA crush report showed September soybean crush to be at the lower end of expectations at 126.7 million bu (range of expectation was 125-133 million bu). Despite being below expectation it was still the largest crush since 2007 and it appears that crush margins are still very profitable, which will likely encourage high crush rates to continue until this changes.
  • Egypt’s GASC tendered for November 21-31 shipment wheat and secured 240,000 mt with 180,000 mt going to Russia and 60,000 mt to Romania, which was no surprise. The average price of $212.16/mt basis C&F were up another $5 from a week ago and are back at levels last seen in early July.