Overnight recap before the MATIF open:
Global market:
Tunisia bought
50,000 tons of optional origin soft wheat. They bought 25,000 tons at
$291.91/ton C&F from Casillo Commodities (Italy) and 25,000 tons at
$295.65/ton C&F form Ameropa (Switzerland).
Spain bought
85,000 tons of US wheat in total. They bought 30,000 tons from Dreyfus at
$286/ton C&F and 55,000 tons from Bunge.
Results from Algeria and Bangladesh
tenders still waited.
Estimates:
IGC released its
global estimates for 2011/12: Wheat crop 695M tons (690M previously). Corn crop
864 M tons (861M previously)
Rosario Grains
Exchange released its estimates for Argentina: Beans 44.5M tons (49.5 previously)
Corn 19.8M tons (21.4M previously)
Buenos Aires
Cereals Exchange released its weekly crop report: Beans 46.2M tons (46.2 previously)
Corn 21.3M tons (21.3M previously)