BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR PRIVACY & COOKIE NOTICE
X


CIF Marmara wheat market offers fall on lower freight: traders

London (Platts)--30 Nov 2017 1228 pm EST/1728 GMT


Offers on the CIF Marmara wheat market fell Wednesday as lower freight from the Azov to the Marmara Sea allowed sellers to submit more competitive offers, with traders predicting market activity would pick up as a result.

Freight from the Azov Sea to the Marmara Sea was heard at $45, down $2 on the day.

Offers on CIF Marmara 12.5% protein Russian wheat were heard at $205/mt Thursday from $207/mt earlier in the week. Indicative bids were heard at $202/mt for December-January shipment, down from $205/mt earlier in the week.

Offers on 13.5% protein wheat were heard at $218/mt, down $2 from earlier in the week, with bids at $215/mt, unchanged from earlier in the week.

There is a lot of high protein material on the Turkish market, putting additional pressure on sellers, sources said.

--Sofia Likhacheva, sofia.Likhacheva@spglobal.com

--Edited by Jonathan Fox, jonathan.fox@spglobal.com

Request a free trial of: Daily Grains

Do you want to have access to transparent and relevant real-time news, market commentary, analysis and data on the grains market before competitors do? Use the request a free trial link and we will send you 10 issues of Daily Grains free for your preview. This will help you spot opportunities, negotiate contracts with confidence and stay on top of grains market fundamentals.

Request a trial More Information



Related News & Analysis


Video archives Commodities Spotlight podcast archive The Barrel blog

Related Products & Events


Daily Grains See all Agriculture events

Copyright © 2018 S&P Global Platts, a division of S&P Global. All rights reserved.