date:Jul 03, 2014
Buyers were offering an unchanged 4 euros over Paris.
Farmers are not satisfied with the current level of outright prices caused by the falling futures markets and are not happy about making advanced new crop sales at the prices we are seeing now, one German trader said. With bank interest costs low, more farmers are talking about taking out loans and putting their new crop into storage rather than selling directly from the harvest. This is supporting premiums and there have been sales offers