Wheat Morning Audio Recap

<div><audio controls><source src="https://stream.futuresline.com/audioarchive/1744977921595-40113.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, trade sources report that Jordan has engaged six companies in its tender for 120,000 metric tons of wheat, although no purchases have been finalized yet. This tender represents an important opportunity for suppliers, as the grain sought can be of optional origin.<br /><br />Meanwhile, Algeria is also active in the market, seeking a nominal 50,000 metric tons of optional origin mill-grade soft wheat, with offers due soon for shipment targeted between the first or last half of June.<br /><br />Noteworthy is the situation in India, where government data released on April 1 indicates wheat reserves standing at 11.8 million metric tons?significantly surpassing the government's target of 7.46 million metric tons and reaching a three-year high.<br /><br />The French agricultural ministry has updated its projections for the 2025 winter soft wheat harvest area to 4.61 million hectares. Alongside this, they forecast soft wheat exports outside the EU for the 2024-2025 marketing year at 3.1 million metric tons, reflecting a slight drop from last month's estimates.<br /><br />Currently, as of April 13, the cumulative soft wheat exports from the EU have totaled 16.7 million metric tons. Comparatively, the prior year's figure for the same week stood at 25.7 million metric tons, highlighting a shift in trading dynamics.<br /><br />The futures market is witnessing activity too, with Euronext Paris reporting a decrease of 0.25 euros, bringing mill wheat futures down to 210.00 euros per metric ton. This fluctuation in prices signals a response to the ongoing adjustments in supply and demand across various regions.<br /><br />Overall, as traders closely monitor these tenders and market movements, the landscape of the wheat market remains dynamic and full of opportunities for both buyers and sellers.</div>