Overnight recap before the MATIF open:

-The new theme is now that China is buying feed wheat rather than US corn because of lower wheat prices and for local price control.



-Algeria bought 300,000 tons of milling wheat (optional origin). China bought 350,000 tons of Australian feed wheat. Tunisia tendered for 50,000 tons of wheat and 50,000 tons of barley.


-The Argentine strike is still slowing grain shipments, observers noted this strike is usual at this time of the season and since this origin is not on the spotlight as it was little ago, the impact is quite little.