Stock prices for wheat increased by the background of the new procurement tenders

a Sharp increase in prices for soybeans and corn, and also declared by Egypt and Saudi Arabia tenders for the procurement of wheat has led to increase of wheat prices on the global exchanges.

December futures French wheat rose to almost 2-week high, and even the strengthening of the Euro against the dollar to 1,181 $/€ did not stop the growth.

the EU Countries (with the UK) in 2020/21 MG as of November 1, exported of 6.89 million tonnes of soft wheat, which is 29% below the corresponding indicator 2019/20 Mr. The share of Latvia and Lithuania in the export of wheat is constantly increasing and has reached 34.6 percent, compared to 26.5% in France.

Experts believe that against the background of abundant precipitation and high wheat prices in France will increase in comparison with last year the acreage of wheat up to 5 million hectares.

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• December futures for milling wheat on MATIF rose by 2.25 €/t to 209 €/t or 246,89 $/t

U.S. wheat rose in price yesterday, with the support of neighbouring markets of soybeans and corn, active exports and the depreciation of the dollar.

Export sales of wheat from the U.S. last week decreased by 19.7% to 597 thousand tons, but in General the season was 16.8 million tons, which is 12,1% higher than the corresponding period last year. Actual exports for the week decreased by 27.6% to 319,4 thousand tons, and the whole season amounted to 10.9 million tonnes, or 43% of the forecast.

December futures U.S.:

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1.19 $/ton to 206,86 $/t for solid winter HRW wheat in Kansas city

1.47 $/t to 206,13 $/t on a firm spring HRS wheat in Minneapolis.

• 1.19 $/ton to 223,86 $/t for SRW soft winter-wheat in Chicago

Egyptian operator GASC at yesterday's tender bought 300 TMT of Russian wheat for delivery in December and January at an average price of 261.5 $/t FOB or 275,5 $/t CFR, which is 3 $/t lower than at the previous auction two weeks ago.

Reduction in the purchase price of the tender confirms a General trend of lower prices amid increasing suggestions of wheat from Australia and Argentina.

Grain Agency of Saudi Arabia (SAGO) today will hold an international tender for the purchase of 600 thousand MT of hard milling wheat for delivery in February-March 2020, which is probably going to win the European, American, and possibly Australian wheat.

Ukraine wheat supply is almost absent, because the producers have postponed sales of spring on the background of growth of prices and deficit of precipitation in the South, where winter crops are suffering from drought. Traders complete programme of procurement of wheat, therefore, the purchase prices at the port remain at the level of 230-235 $/t or 8100-8250 UAH/t