Data on exports affect the wheat prices on the stock exchanges

Quotes September French wheat are down for three trading days in a row, and the total loss amounted to €3,50. The market is still difficult going through the export complex of inferiority, which is amplified as updates forecasts for the yield of Russian wheat.

Active export sales to China only partially offset the decline in the market presence of North Africa, primarily in Algeria, which switches on the Baltic and German wheat.

this season, remains strong demand from China for French wheat and barley, despite the poor harvest in France. This resistance manifested two aspects: rising domestic demand for grain and trade conflicts with long-standing supplier of grain – Australia.

China has already contracted to 12 Panamax s French wheat total volume to 700 thousand tons for delivery in the 1st half of the season 2020/21. According to some estimates, the volume of Contracting can reach already up to 1 million tons.

For the week, the port of Rouen shipped only 86,5 thousand tons of wheat to Algeria and Angola.

September quotes milling wheat on the Paris stock exchange MATIF fell by €1.00 to 181,25 €/ton (215,07 $/tonne).

on Thursday, the market for U.S. wheat have continued to rise. This time one of the main themes of the auction was a drought in Argentina, which threatens in the long term correction of the global supply of wheat to the downside.

Support was provided by the growth in export sales of US wheat for the week by 42% to 523 thousand tonnes, which increased total sales since the beginning of the season to 11.1 million tons, which is 6.5% higher than last year's level.

wheat Exports from the United States for the week amounted to 407 thousand tons, and the total exports since the beginning of the season amounted to 2.4 million tonnes, which is 6% lower than last year.

the US Dollar, despite a slight strengthening against world currencies, remains near to the lowest levels since may 2018р., what is for exchanges an additional bonus.

September quotes of the American wheat have risen:

the

• soft Wheat SRW in Chicago by $2.76 to 190,88 $ / t;
• the
• hard Wheat HRW in Kansas city $1.47-162,22 $ / t;
• the
• hard Wheat HRS in Minneapolis by $1,19 to 188,58 $ / t