Against the background of falling prices for wheat Egypt has announced a tender

Egyptian State operator GASC today will hold a tender for the purchase of at least 55-60 thousand tons of soft milling wheat with delivery 5-15 January 2020, which will determine the trend in prices for Russian wheat, which can significantly cheaper to boost exports, as in the previous tender, the share of Russian grain in the acquired party 410 thousand tonnes was only 55 thousand tons.

the French wheat Market yesterday fell behind Chicago, but the fall limited the weakening of the Euro.

Traders ignored as unlikely, the increase in experts FranceAgrimer forecast exports of French soft wheat 1.8% to 20,563 million tons, which is 19.8% higher than the figure recorded 2018/19 MG and 0.05% higher than the record level 2015/16.

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• the December futures for milling wheat on MATIF fell by 0.75 €/t to 177,5 €/t or 195,29 $/t

In the US, unexpected frosts have receded and with them disappeared the factors supporting prices.

the December wheat futures in the US fell:

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by 5.14 $/t to 156,07 $/t for solid winter HRW wheat in Kansas city

to 2.39 $/t to 189,32 $/t on a firm spring HRS wheat in Minneapolis.

• by 2.94 $/t to 187,02 $/t for SRW soft winter-wheat in Chicago