At the end of the week, wheat prices have stabilized

2018-10-22 12:09:23
Machine translation
At the end of the week, wheat prices have stabilized

on Friday, the market of French wheat remained neutral. Data on the reduction of the world supply and warm and dry autumn, which will increase the risks for emergence of winter crops, were offset by lower export demand for European wheat. However, the news about the postponement of the introduction of the 30% duty for import of wheat in Morocco, there's little to come into effect from November 1, January 1, 2019 may intensify the supply of French wheat in the country in the near future. Traders evaluate the need for Morocco to soft wheat in the 2018/19 season at 3 million tons.

 

  • December futures for milling wheat on the Paris stock exchange remained at the level of 201,25 €/t or 231,85 $/t

 

After three days of decline the market for U.S. wheat rose on Friday due to investors closing short positions. The pace of wheat exports from the United States is 18% inferior to last year and make up only 44% of the forecast, while the pace of export sales only 4% below last year.

 

the December wheat futures on US exchanges rose:

0.55 $/t to 189,69 $/t for solid winter HRW wheat in Kansas city

1.38 $/t to 216,32 $/t on a firm spring HRS wheat in Minneapolis.

  • 0,64 $/t to 189,14 $/t for SRW soft winter-wheat in Chicago

 

In Russia, the domestic procurement prices for wheat continue to grow, while export prices remain at 230-232 $/t FOB.

 

In Ukraine due to active export demand, wheat prices at the port rose to the next level:

the protein of 11.5% 203-206 $/t or 6700-6800 UAH/t,

feed 197-200 $/t or 6400-6500 UAH/t

  • protein 12,5% 207-210 $/t or 6850-6900 UAH/t,

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