Importers are not interested in wheat from the United States, even at a low price

Despite the decline in prices of U.S. wheat on the exchange and cash markets, importers are not interested to it. This is reflected in the results of the next export week.

the benefits of the new export season before the previous continue to decline. Two weeks ago, total sales exceeded last year by 32.5%, a week ago at 27% and now stands at 18.4%.

Major buyers were:

• Nigeria – 148 thousand tons,
• Guatemala – 52,5 thousand tons,
• South Korea – 52,1 thousand tons,
• Philippines – 34,5 thousand tons,
• Brazil – 25 thousand tons,
• Chile is 19.2 thousand tons.

Another unnamed buyer refused previously contracted party 67.8 thousand tons of wheat.

the Largest recipients were:

• Philippines – to 133.5 thousand tons
• China – 64,6 thousand tons,
• Yemen – 54,9 thousand tons,
• South Korea – 52,6 thousand tons,
• Guatemala – 52,5 thousand tons,
• Mexico – 50,4 thousand tons,
• Nigeria – 46,3 thousand tons.

If last week the main factor of falling prices was a large  wheat crop in US , now traders evaluate potentially the largest in the history of independent existence of the Russian Federation wheat crop in this country.

the wheat prices in the U.S. according to the September agreements fell:

• soft wheat SRW in Chicago for  2.57 $/ton to 148,17 $/ton
• for hard wheat HRW in Kansas city for 2.39 $/ton to 149,09 $/ton
• on a hard spring wheat HRS in Minneapolis for 1.38 $/tonne to 179,58 $/ton.