Active import support wheat prices

2019-07-24 12:04:51
Machine translation
Active import support wheat prices

this week held tenders the principal importers of wheat, which had previously postponed purchases in anticipation of lower prices.

 

But despite the decline in stock prices on the physical markets and they are growing stronger, and the wheat of the black sea and European origin with a protein of 12.5% increased to 195-200 $/t FOB.

 

the Ministry of industry and trade of Jordan finally bought 60 thousand tons of milling wheat of arbitrary origin, the company Ameropa at the price of 229.5 $/t C&F for delivery of 1-15 October. The last time a country bought milling wheat on the tender in early may at a price of 213 $/t C&F.

 

Egyptian GASC yesterday bought at the tender 300 tons of Ukrainian, Romanian and Russian wheat at a price 219,9 $/t C&F, which is 4.5 $/t exceeds the purchase price of the auction last week.

 

the Taiwan Flour Millers’ Association (FMA) has purchased the tender 90,65 tonnes of us hard milling wheat for delivery in September-October at a price 226-231,4 $/t FOB and freight cost of 31.9-34.3 per $/t

 

the Futures contracts on soft wheat in Chicago on Tuesday decreased pressure data crop tour in North Dakota, which showed that yield of spring wheat is higher than the average. However, at the end of the trading session the quotations have grown as a result of speculators closing short positions.

 

Futures spring wheat in Minneapolis on data from the crop tour has slightly decreased, since the increase in demand from Asian buyers and speculative buying supported the prices.

 

the September wheat futures in the U.S. had such a dynamic:

0.83 $/t to 158,55 $/ton rose solid winter HRW wheat in Kansas city

0.28 $/t to 191,25 $/t fell hard spring HRS wheat in Minneapolis.

  • level 179,03 $/t left soft winter SRW wheat in Chicago

 

Traders are watching the market for wheat, particularly on the potential of France and Germany. Crop wheat in France may exceed the projected 38 million tons.

 

a Tender in Egypt did not affect the stock exchange in the EU, where trading ended before the announcement of the tender.

 

  • September futures for milling wheat on MATIF fell by 0.25 €/t to 174,5 €/t or 194,50 $/t

 

French wheat did not participate in the tender, however, the rise in price of wheat above the level of 200 $/t FOB increases the competitiveness of European wheat in the Egyptian market.

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