The fall in wheat prices slowed down

2020-03-16 12:04:02
Machine translation
The fall in wheat prices slowed down

on Friday, the voltage across wheat exchanges decreased, but the quotes continued to decline because of the uncertainty of the impact of the pandemic virus Covid-19 for the world economy.

 

Despite the good pace of exports and the victory in the tender in Algeria, the French wheat market turned down. Falling prices have limited information about the condition of the winter wheat crop in France, the number of which in good or excellent condition for the week decreased by 1% to 63%, whereas a year ago the figure was 85%.

 

According to the forecast of the German farmers ' Association, wheat production in the country this year will decline 1.2% to 22.7 million tonnes by reducing the sowing areas of winter wheat by 6% through powerful autumn rains.

 

the

  • the May futures for milling wheat on MATIF fell by 0.25 €/t to 177,5 €/t or 197,27 $/t

 

In the U.S. prices for wheat sites are falling for the third straight week, under pressure from pessimistic about the fate of the world economy, but the market in Chicago by speculators slightly increased.

 

the May wheat futures in the U.S. fell:

the

0.37 $/t to 186,65 $/t on a firm spring HRS wheat in Minneapolis.

  • 0.46 $/t to 158,55 $/t for solid winter HRW wheat in Kansas city

Increased by 0.18 $/t to 185,92 $/ton SRW soft winter-wheat in Chicago.

 

Prices of Russian wheat protein 12,5% remain at 207-210 $/t, while prices rose to papitus 203-205 $/t for deliveries in April-may due to the increase in shipments to Egypt and Turkey. For the week wheat exports from Russia grew by 86% to 848 thousand tonnes, as supplies from Turkey have doubled, and in Egypt – by 190%.

 

Ukraine per week exported 246 thousand tonnes of wheat, and from the beginning of the season, 17 million tonnes, which is 33% higher than the corresponding figure last year.

 

the bid Price for Ukrainian milling wheat at the port dropped to 187-189 $/t or 5750-5850 UAH/t, in consequence of which the sellers have reduced the number of proposals.

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