The activation of importers slightly reduced the rate of decline in wheat prices

The active decline in wheat prices observed in recent weeks has slowed down slightly amid the activation of importers, who are opening more and more tenders for the purchase. Wheat quotes on stock exchanges slowed the decline, but purchase prices for wheat in Ukraine continued to decline.

South Korean processor MFG purchased 65 thousand tons of feed wheat, while refusing the planned purchase of 138 thousand tons of corn, and FLC bought 65 thousand tons of Black Sea feed wheat at a price of about 2 290/ton C&F , Thai importers purchased 65 thousand tons of feed wheat at a price of about 2 281/ton C&F.

 Saudi Arabia has announced a tender for the purchase of 360 thousand tons of food wheat for delivery in October.

Turkey is holding a tender for the purchase of 395 thousand tons of food wheat.

 The Philippines has announced an international tender for the purchase of 200 thousand tons of feed and food wheat.

The Trade Corporation of Pakistan (TSR) has announced an international tender for the purchase of 500 thousand tons of flour-milling wheat of any origin with delivery of in August-September.

Soft wheat prices in Chicago continued to decline on Thursday, the fifth consecutive trading day. This time, the main pressure factor was the neighboring corn market, which went even deeper into the" red zone " against the background of precipitation forecasts in the Midwest of the United States, favorable for crops.

September quotes of American wheat as of July 08:

soft wheat SRW in Chicago fell by 1 1.56 to 2 227.07 / ton;

HRW durum wheat in Kansas City rose на 1.29 to 2 216.05 / ton;

hrs durum wheat in Minneapolis fell by 1 1.10 to 2 295.78 / ton.

July Black Sea wheat futures on the Chicago Stock Exchange yesterday slightly rose by 2 2/ton to 2 239/ton, while December futures fell by 2 2.25/ton to.245.75/ton.

After a one-time increase on Wednesday, the September French wheat market went down again, mainly under pressure from a linearly falling Chicago. The strengthening of the euro exchange rate also turned out to be an unpleasant fact for traders. The prospects for a new crop in France are still good, but the rains threaten to slow down harvesting, and the quality of grain may suffer.

September prices of flour wheat on the Paris matif exchange decreased by €0.25 to €199.75/ton (€236.52/ton).

Purchase prices for wheat in Ukraine continue to decline and level at the level of 2 200-210/ton (6300-6500 UAH/ton) for delivery to the port, and processors have reduced prices to the level of 5800-6000 UAH/ton for delivery to the plant.