EU wheat tracks Chicago lower as Black Sea uncertainty lingers

PARIS/HAMBURG, Sept 18 (Reuters) — Euronext wheat fell for a second session on Friday in step with Chicago prices while traders continued to assess the impact of war disruption to Black Sea exports from Russia and Ukraine. 07) a metric ton after the day session. The contract was almost unchanged over the week. Chicago wheat fell about 2%, with the US market facing additional pressure from a seven-week high for the dollar index.

GRA/ Wheat markets have been choppy this week as investors have reacted to diplomatic efforts to achieve de-escalation in Russia's war with Ukraine, ongoing military strikes in the Black Sea zone, and signs that Russian and Ukrainian wheat was still reaching markets. “The market is torn between hopes of a diplomatic agreement for Black Sea safe shipping against the reality that Russian and Ukrainian attacks continue every day,” one German trader said.

Shipments of about 30,000 tons of Russian wheat for sale on Friday included one loading in St Petersburg offered at $275 a ton free on board (FOB), two in Ust-Luga at $280 and $275, and five from ports in Latvia at between $275 and $280 a ton FOB, traders said. 5% wheat for October shipment from Baltic ports," the trader said. ” The ongoing Russian flows have tempered reaction to demand this week from major importers Algeria and Pakistan. com)