Data on the state of the crops raised the price of wheat

2018-11-07 12:10:28
Machine translation
Data on the state of the crops raised the price of wheat

on Tuesday, trading in the wheat exchanges, the United States took place in anticipation of a new report USDA, however, prices increased slightly due to data on the state of winter crops.

 

Prices supported the increase in wheat exports from the EU to 5.4 million tonnes, which is still inferior to last year's level.

 

  • December futures on milling wheat in Paris rose 1 €/t to 201,25 €/t or 229,52 $/t

 

the Weakening of the dollar to 1,145 $/€ on the background of the election to the Senate in the United States limited the growth of European prices.

 

U.S. exchanges trading took place under the influence of the speculators who are interested in data about the state of winter crops in the United States. According to new estimates, amid the delay of sowing the germination rate obtained was only 70% versus 77% on average for 5 years, and in Kansas shoots were obtained on 57% of the area versus 69% on average for 5 years. The number of crops in good to excellent condition for the week fell by 2% to 51%.

 

the December wheat futures on US exchanges rose:

1.19 $/ton to 186,65 $/t for solid winter HRW wheat in Kansas city

by 2.57 $/ton to 216,23 $/t on a firm spring HRS wheat in Minneapolis.

  • 1.74 $/t to 188,125 $/t for SRW soft winter-wheat in Chicago, which was a new weekly high,

 

the Demand for wheat in Ukraine remains high, although some exporters closing the contracts on the wheat and goes to the purchase of corn. Terminals with the aim of increasing the speed of transshipment trying to accumulate only one culture.

 

Following the fall in world prices, including Russian wheat, prices declined slightly. However, traders are forced to raise prices in order to attract large quantities of wheat, especially food.

 

currently, the port offers:

wheat with protein 11.5% in 203-205 $/t or 6700-6800 UAH/t,

wheat fodder - 197-199 $/t or 6500-6600 UAH/t

  • wheat with protein 12,5% - 206-208 $/t or 6800-6900 UAH/t,

Visitors’ comments (0):