Grain futures rose on Wednesday. December SRW wheat climbed to $5.04/bu ($185/mt; +0.7% from Tuesday). December HRW wheat in Kansas closed at $4.88/bu ($179/mt; +0.7%). December Euronext wheat rose to €189.75/mt ($220/mt; +0.8%). December US corn settled at $4.23/bu ($167/mt; +0.8%).
Algeria’s state grain agency OAIC purchased milling wheat in an international tender on Wednesday, European traders said. The volume is estimated at around 600 000 mt, likely sourced from the Black Sea region or Argentina.
As of October 22, Kazakhstan had harvested about 20 mmt of wheat from 12 mln ha. Total grain output stood at 26.4 mmt from 15.7 mln ha.
