Against the background of recovery in global demand, wheat prices are rising

2016-11-07 12:13:24
Machine translation
Against the background of recovery in global demand, wheat prices are rising

In the world there is a revival of demand for wheat. Indonesian millers have entered into agreements for the supply of 20 thousand tons chervonoarmyska spring wheat CWRS canadian origin with a protein content of 13.5% at a price of 265-270 $/t on the basis of C&F and 25 thousand tons of standard ASW wheat of Australian origin at the price 210 $/t on the basis of C&F.

 

a Few Filipino broseman are planning to buy 165 thousand tonnes of feed wheat for February-April of next year.

 

the Indian buyers last week showed no activity, because in the past several weeks, has contracted a large consignment of imported wheat.

 

Algeria has acquired 200 thousand tons of durum wheat of unknown origin at a price 335-345 $/t CIF.

 

grain Commission, the EU last week issued the certificates for the export of 418 thousand tons of wheat. Since the beginning of the season already exported 8.2 million tons of wheat against last year's 7,3 million.

 

the Market for U.S. wheat on Friday partially won back the previous fall. Mainly due to speculative transactions that players make in anticipation of the release of the November USDA forecast balance and the holding of presidential elections, the results of which are difficult to predict.

 

Prices of December wheat futures U.S.

  • 0.83 $/tonne to 152,21 $/tones of soft wheat SRW in Chicago
  • 0.37 $/tonne to 151,20 $/tone for hard wheat HRW in Kansas city
  • of $0.18/ton to 187,48 $/tone for hard spring wheat HRS in Minneapolis.