On the speculative markets continued the decline in wheat prices

Yesterday, on a background of fixing of profit by traders on world markets was speculative reduction of prices on wheat.

the Results of the Egyptian tender become known after the auction, so the victory of the Romanian wheat market will react today. The absence of trading, the U.S. wheat shows its a high price that buyers are willing to pay. The purchase price of the tender at 1.25 $/t higher than the price of the previous trading, although traders expected that it will fall as stock prices amid growing suggestions.

According Agrisensus, price of HRW wheat with protein 11% in the US physical market is 219,5 $/t FOB US Gulf.

Good weather in France, promises a bountiful harvest is putting pressure on wheat prices, especially amid a strengthening Euro.

• September futures for milling wheat on MATIF fell yesterday by 2 €/t to 179 €/t or 201,57 $/t

In the US stock exchange, wheat prices fall as a result of fixing by traders and profit improvement forecast for the South American Plains, where the ongoing harvesting of winter wheat. Farmers hope to strengthen the collection and to avoid reducing the quality of the crop.

Experts predict weekly export sales of wheat harvest, 2019 with the United States at the level of 200-500 thousand t

the July wheat futures in the U.S. fell:

2.85 $/t to 168,10 $/t for solid winter HRW wheat in Kansas city

at 3,95 $/t to 198,96 $/t on a firm spring HRS wheat in Minneapolis.

• at 3.40 $/t to 191,89 $/t for SRW soft winter-wheat in Chicago

In Russia as of 19 June of spring wheat planted 98,2% of the area or 11.9 million hectares, compared with 11.5 million hectares in 2018, the Precipitation delayed planting in the Eastern regions. Manufacturers of Omsk, Tomsk and Tyumen regions reported waterlogging 5-10% of spring wheat crops.

the Results of the Egyptian tender has supported the prices for Russian wheat with protein 11,5-12,5% on the level of 185-195 $/t FOB.

For technical reasons of Ukrainian wheat did not participate in the tender, however, private Egyptian buyers purchased 10 thousand tons of Ukrainian wheat with protein 11.5% price 197 $/t FOB.

South Korea's MFG has purchased two cargos of feed wheat black sea origin presumably at a price 214,95 $/t CFR for delivery in the period of 15 August to 15 September.