Wheat Morning Audio Recap

<div><audio controls><source src="https://stream.futuresline.com/audioarchive/1744891522353-40113.mp3" type="audio/mp3"></audio></div><br /><h3 style="font-family: Verdana, Geneva, sans-serif;">Transcript</h3><div style="font-size: 12pt; font-family: Verdana, Geneva, sans-serif;">Here's the latest on the Wheat Market from QT NEWS.<br /><br />In today's wheat market update, we have seen a mixture of developments both regionally and globally that could potentially influence prices and trading activities.<br /><br />Trade sources indicate that Jordan has four companies participating in a tender for 120,000 metric tons of barley today, but no purchases have been finalized yet. Similarly, Tunisia is looking for 75,000 metric tons of optional origin soft mill wheat, with offers closing today, April 17. Shipments for this tender are expected between May 20 and June 30, depending on the origin.<br /><br />Jordan's state grain buyer has set an offer deadline of April 22 for up to 120,000 metric tons of mill-grade wheat. This grain can originate from optional sources and is scheduled for shipment between July 1 and September 30. Additionally, reports have surfaced that Iran is seeking to procure 120,000 metric tons of feed barley, with their tender closing on April 21 for shipments in June or July.<br /><br />On the production front, India has reported its wheat reserves standing at 11.8 million metric tons as of April 1, significantly exceeding the government's target of 7.46 million metric tons and reaching a three-year high. In France, AgriMer has forecasted soft wheat exports outside the EU for the 2024/2025 marketing year at 3.1 million metric tons, slightly down from the previous forecast of 3.2 million metric tons. Meanwhile, ending stocks for soft wheat are projected at 2.81 million metric tons for the same marketing year, down from 2.91 million metric tons.<br /><br />As of April 13, accumulated EU soft wheat exports for the current marketing year totaled 16.7 million metric tons, reflecting a decrease from the same week last year when exports hit 25.7 million metric tons.<br /><br />In global trading, Euronext Paris has reported a decrease in May mill wheat futures, trading at 210 euros per metric ton, a decline of 0.25 euros. These fluctuations reflect ongoing changes in trade flows and market sentiment.<br /><br />These developments together hint at a cautiously optimistic outlook for the wheat market, with various tenders and retaining stocks influencing future trends. Market participants will be closely monitoring these factors as trading continues to develop.</div>