Low exports and weather put pressure on wheat prices

In Friday trading on the wheat exchanges took place under the impact of the new USDA report and export data and information about rainfall in regions for growing winter wheat in the United States and Europe.

After U.S. courts dropped the quotes on the Paris stock exchange. Pressure low export demand are unable to compensate for even the depreciation of the Euro 1,131 to $/€.

• December futures for milling wheat fell on the Paris stock exchange 0.5 €/t to 199,5 €/t or 226,18 $/t

Friday was the third consecutive day of falling market for U.S. wheat. Despite a jump in export sales of US wheat export shipments for the week decreased by 21% to 328,4 thousand tons the Total export of wheat since the beginning of the season was 13.8 million tonnes, or 15.5% lower than the level of last year.

the Snow that covered the winter wheat crop in Kansas will increase the moisture reserves and protect plants from frost.

the December wheat futures on US exchanges declined:

by 3.58 $/t to 179,12 $/t for solid winter HRW wheat in Kansas city

2.48 $/t to 210,63 $/t on a firm spring HRS wheat in Minneapolis.

• 2.11 $/t to 184,45 $/t for SRW soft winter-wheat in Chicago

Export of Russian wheat remains very active and, according to experts, at the end of December can reach 25 million tons. The decline in wheat stocks in the Central region on the background of the high cost of shipping grain to the ports of Siberia and Eastern regions can slow down the rate of exports in winter. During this period, American and European traders are hoping to increase sales of wheat, given the reduced production in Australia and Argentina.