Stock quotes for wheat started the week down

on Monday, world wheat prices declined under pressure from increasing supply and lower demand from importers, ignoring the reduction in the harvest forecast in Argentina.

Today, the Egyptian GASC will hold another tender for purchase of wheat, which against the background of increasing harvest in Russia will determine the price trends for the black sea wheat.

As of August 24, in Russia, from 18.8 million ha or 63.9 % of the area harvested 67.4 million tons of wheat with a yield of 3.58 t/ha.

Under pressure to increase crop forecasts in Russia, wheat futures in the U.S. fell 1.5-2% despite the increase in exports of wheat from the U.S. for the week by 14% to 569,6 thousand tons Which is 9% higher than the corresponding figure of last year. Since the beginning of the season exported 6.2 million tonnes of wheat, 3.1% ahead of the pace 2019

the September wheat futures in the U.S. fell:

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3.85 $/t to 159,80 $/t for solid winter HRW wheat in Kansas city

at 3,50 $/t to 185,74 $/t on a firm spring HRS wheat in Minneapolis.

• to 2.39 $/t to 191,06 $/t for SRW soft winter-wheat in Chicago

Precipitation in France reduce the anxiety of traders concerning the sowing of winter wheat and cool prices.

For the week, the EU exported only 87 thousand tons of soft wheat, but only in the season is 12 million tons, which is 47% less than the previous year.

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• After several days of gains yesterday, September futures milling wheat on MATIF fell by 0.5 €/t to 185,75 €/t or 219,4 $/ton, and December at 1.25 €/t to 182,5 €/t or 215,55 $/t

In Ukraine, a drought reduces the potential harvest of late crops, and a concern for the sowing of winter rape and wheat on the background of strengthening of deficient soil moisture in the meter layer of soil in the major growing regions of these crops.

the Purchase prices for milling wheat remain at 188-189 $/t or 6150-6200 UAH/t, but the manufacturers are holding back sales in expectation of price increases.