On the eve of Thanksgiving in the US have fallen wheat prices

2020-11-26 12:34:59
Machine translation
On the eve of Thanksgiving in the US have fallen wheat prices

Yesterday the market winter wheat in the US have fallen to two-week low, as after a three-day growth investors on the eve of Thanksgiving recorded in profit and carried out by speculative buying. Thursday exchanges will not work, and the Friday session will be reduced. Besides, on Friday there will be a report on export sales, which are projected at a very low level.

 

the Market did not support even the purchase of a Thai company TFMA 61 tonnes of us feed wheat for shipment in January at a price of 282.5$/t CFR and the Taiwanese company FMA with 82.2 thousand tonnes of food wheat from the U.S. in January-February for 284,3 - 317 $/t CFR.

 

December wheat futures in the U.S. fell:

the

6.34 $/t to 199,79 $/t for solid winter HRW wheat in Kansas city

by 2.66 $/t to 199,70 $/t on a firm spring HRS wheat in Minneapolis.

  • by 8.45 $/t to 216,14 $/t for SRW soft winter-wheat in Chicago

 

the Falling prices in Chicago and influenced by the Paris stock market, although to a lesser degree. Besides, the European market under pressure from the strengthening Euro and lower export prices for Russian wheat.

 

the

  • December futures for milling wheat on MATIF fell by 1.75 €/t 211 €/t or 251,62 $/t

 

Today, the Egyptian GASC will hold another tender for purchase of wheat, which will demonstrate the possibility of reducing the price for black sea wheat. According to the Chairman of the Union of grain exporters-Russia, Edward Seed, increased competition from Australia and Argentina, which is already being felt in the markets of Asia, may soon spread to the middle East, where there are the largest buyers of Russian grain. In recent years it has become the main reason for the decline in prices for Russian wheat.

 

the bid Prices for Russian wheat will remain at 250 $/t FOB, although prices fell slightly.

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