EU wheat ends higher on Chicago rally, rapeseed pares losses
PARIS, Sept 3 (Reuters) -Euronext wheat rose on Tuesday to a new two-week peak, tracking a rally in Chicago grains, while rapeseed recouped most of its earlier losses as the market digested news of a Chinese probe into imports from Canada.
December milling wheat BL2Z4, the most-active position on the Paris-based Euronext, settled 1% up at 219.25 euros ($242.03) per metric ton.
The contract reached its highest since Aug. 15 at 220.75 euros, recovering from an earlier fall to surpass a previous two-week top from Monday.
Trading was volatile as participants reacted to weather and export developments, while U.S. markets started their week after Monday's Labor Day holiday.
Chicago corn, wheat and soybeans rallied as export data bolstered demand sentiment while dry weather in the U.S. Midwest and Brazilian crop belts nurtured supply concerns. GRA/
November rapeseed COMX4 on Euronext settled 0.1% down at 469.75 euros a ton.
Rapeseed had dropped over 4% as Canadian canola RSX4 - a similar variety of oilseed - tumbled more than 7% to its daily trading limit after China announced an anti-dumping investigation into canola imports from Canada.
"The market panicked this morning over Canada but I think it's bearish for Canadian crop while bullish for other origins," a futures dealer said.
The move by Beijing, seen as a riposte to Ottawa's decision to impose tariffs on Chinese electric vehicles, contributed to the rally in Chicago soybeans, traders said.
Wheat markets was still being capped by stiff export competition from Black Sea supplies.
Russian 12.5% protein wheat was on quoted at about $215-$216 a ton FOB for September/October Black Sea shipment. Russian 11.5% protein wheat was quoted at about $208-$211 a ton FOB, Ukrainian 11.5% was at around $209-$216 a ton FOB.
"Some in the market are wondering just how sustainable the recent Euronext strength is in view that Russian prices are not following Euronext up and that crop news, especially from Australia, is showing an improving picture,” a German trader said.
"Export demand is still looking weak and there are expectations that Russian wheat export shipments in September will be even higher than August at prices the EU has little chances against."
European Union common wheat exports since the start of the season have reached 4.38 million tons, down 23% from a year ago, though figures for France remain incomplete, the European Commission said.
($1 = 0.9059 euros)
Reporting by Gus Trompiz in Paris and Michael Hogan in Hamburg; Editing by Andrea Ricci
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.