The stock price of wheat fell through speculation

After sharp jump of the prices investors started to fix profits, so yesterday the stock price of wheat declined slightly.

in addition, a tender in Egypt, where it was purchased 60 KMT of French wheat at a price of $5/tonne higher than a week ago, showed that buyers are willing to pay more, while buyers have raised prices for 3-10 $/t.

• Despite the victory of French wheat in an Egyptian tender milling wheat futures in Paris fell yesterday by 0.4% to 174,5 €/t

the Reason was the decrease 7642 agreement, the number of wheat contracts on Euronext to its lowest since mid-August level 30482 contracts, which indicates the depression of the traders in the further growth of prices for European wheat, particularly on the recovery of the Euro against the dollar.

Improvement forecast for the next 10 days in the Northern U.S. and Canada will accelerate the harvest of spring wheat and will slow down the growth of prices for high-quality seed.

on Wednesday after the market corn which falls through a possible increase in yield of wheat exchanges finished trading with losses. Pressure on prices strengthening of the dollar, low export demand and closing of long positions by investors. Traders predict the weekly exports of wheat from the United States in the range of 200-600 thousand tons.

December wheat futures in the U.S. fell:

2.11 $/t to 149,10 $/t for solid winter HRW wheat in Kansas city

1.29 $/t to 194,55 $/t on a firm spring HRS wheat in Minneapolis.

• by 3.58 $/t to 179,67 $/t for SRW soft winter-wheat in Chicago

Defeat on the Egyptian tender Ukrainian and especially Russian wheat because of too high prices will force sellers to adjust the cost of the proposals, which will be cheaper as the harvest.

Russia's agriculture Ministry may revise the forecast of the production and export of grain in the current season. Now the crop is estimated at 118 million tons, including wheat – 78 million tons and exports at 45 million tonnes, including wheat – 36 million tons.

In Russia on 1 October produced 74.6 million tons of wheat, compared to 68.3 million tons this date last year. Rains in the East of the country do not allow to harvest spring wheat from 2.2 million hectares.