International Wheat Market

17-Dec-2024 08:10 AM

International Wheat Market
Weekly Export Data:
Total Shipments: 298,075 MT (10.95 million bushels) of wheat shipped during the week of December 12, marking:
A 20.2% increase from the prior week.
A 4.66% rise compared to the same week last year.
Top Buyers:
Mexico: 69,471 MT.
Japan: 66,933 MT.
Marketing Year-to-Date Shipments: 11.537 MMT (423.9 million bushels), a 29.41% increase year-over-year.
Global Tenders and Purchases:
Saudi Arabia: Purchased 804,000 MT of wheat in a recent tender, surpassing their asking quantity of 595,000 MT.
Algeria: Issued a tender for 50,000 MT of durum wheat, closing on Wednesday.
This data reflects strong demand from key importers and increased global trade activity. Let me know if you need deeper analysis or forecasts!