Algeria and Jordan tenders underpin wheat prices: Grain market daily

• UK feed wheat futures (Nov-25) closed at £165.75/t yesterday, up £0.05/t from Monday’s close. The May-26 contract increased by £0.25/t to £177.35/t
• Domestic wheat futures edged higher in line with global markets. Chicago wheat and Paris milling wheat (Dec-25) rose by 1.9% and 0.5% respectively. Market sentiment was steadied by signs of renewed international demand. Algeria’s state grains agency (OAIC) reportedly purchased around 500 Kt of milling wheat via tender, while Jordan secured 60 Kt of wheat in a separate deal (LSEG)
• Oilseed markets firmed yesterday, supported by a technical rebound following recent declines. Paris rapeseed futures (Nov-25) rose by €1.25/t to €472.00/t, while Chicago soyabean and Winnipeg canola futures (Nov-25) increased by 0.1% and 1.2% respectively. However, subdued Chinese demand for US soyabeans continued to pressure the market

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