date:Dec 14, 2015
, this still leaves real exports well behind the pace needed to meet the USDA figure.
Profit taking
But there was a touch of export demand, as 500,000 tonnes of wheat are reported to have been bought in an Algerian wheat tender.
The results of tenders by the Algerian state buyer are not made public, but French exporters usually dominate, because of the low cost of shipping compared to other wheat origins.
And markets rose, as the short covering rally continued. Richard Feltes, of RJ OBrien,