The results of the procurement tenders supported wheat prices

the Intensification of procurement of wheat the major importers are Egypt, Turkey and Jordan this week has supported prices on the exchanges and physical markets.

Turkish TMO purchased in the tender 390 thousand MT of wheat with a protein of 12.5% at a price of 209 $/t CFR and protein 13.5% price 226 $/t CFR with the delivery of 4-20 September and 110 tonnes of hard wheat durum price 326,33 $/MT CFR delivery September 5 – October 10.

the Ministry of industry and trade of Jordan has bought 60 thousand tons of Ukrainian wheat with protein 11% and for October delivery at a price of 237,5 $/t CFR, which is higher than the price last month by $2/ton last year by 9.75 $/t

Prices on the European stock exchange is almost unchanged for the low demand for wheat from the EU.

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• September futures milling wheat on MATIF fell by 0.5 €/t to 186 €/t or 220,1 $/ton, and December by 0.25 €/t to 184 €/t or 217,75 $/t

Traders look at the harvest of wheat in Russia, where 65% of the area, or 19.2 million hectares harvested 68.4 million tons with a yield of 3.56 t/ha, which will allow you to harvest at 82 million tons, even taking into account the low yields in the Eastern regions. Russian producers are actively selling wheat at higher than last year prices, helped by the ruble against the dollar at 75 rubles/$.

According to the forecast in August, SovEcon, Russia will increase wheat exports to 4.9 million tonnes compared to 2.2 million tons in July.

the American stock exchange yesterday, the wheat grew after markets for soybeans and corn, and the rumours intensified purchases by China.

Argentina increased for the week, export sales of wheat of the old and the new crop of 22% to 221 thousand tons in the background of the maximum price level that increases the volume of offers with delivery in October – December.

the September wheat futures in the U.S.:

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to 2.20 $/t to 165,44 $/t for solid winter HRW wheat in Kansas city

0.28 $/t to 190,05 $/t on a firm spring HRS wheat in Minneapolis.

• 1.75 $/t to 195,47 $/t for SRW soft winter-wheat in Chicago