After updating multi-year highs, wheat prices began to fall

against the background of fixing of profit traders and a powerful rain wheat prices expected began to fall, and even the results of the latest tenders they did not support. The market has not reacted to the decline in experts Exchange Buenos Aires the forecast of wheat production in Argentina for 700 thousand tons to 16.8 million tons, which is 11% inferior to last year's harvest.

December futures for soft wheat in Chicago after upgrading a 6-year high continued to fall as investors stepped up sales projections for precipitation in the arid regions of the South American plains.

against the background of rising prices export sales of wheat from the U.S. last week fell by 30% to of 367.5 thousand tons, and actual shipments until 192,1 thousand tons since the beginning of the season exported 10.19 million tons of wheat.

December futures in the U.S. fell:

the

3.49 $/t to 205,85 $/t for solid winter HRW wheat in Kansas city

by 2.94 $/t to 211,09 $/t on a firm spring HRS wheat in Minneapolis.

• by 2.57 $/ton to 228,82 $/t for SRW soft winter-wheat in Chicago

French wheat after reaching a historical high continued to fall behind Chicago. Traders drew attention to rainfall in the wheat belt of the USA and Russia, which will improve the winter crops.

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• December futures for milling wheat on MATIF fell by 2.25 €/t to 209 €/t or 246,59 $/t

the Algerian grain Agency OAS to tender 21 Oct gained 720 thousand tonnes of soft milling wheat of European origin, with delivery in November-December at a price 275-276 $/t C&F, which at 12-13 $/t higher than the purchase price for the tender is October 13.

Grain Agency of Tunisia ODC at the tender 22 Oct purchased 50 thousand tons of soft milling wheat of European origin, with delivery in November-December at a price 278,89-279,88 $/t C&F, which is 47-48 $/t higher than the purchase price at the previous auction on August 18.

Turkish news Agency TMO bought 175 TMT of wheat protein 12.5% price. 271,94 $/t CFR, which is 15 $/t higher than the purchase price in the tender on 8 October.

Russia planted winter crops of 17.9 million hectares, or 93.5 per cent of the planned area, and projected for the next few days, precipitation will accelerate the receipt of seedlings.

bid Prices of Ukrainian and Russian wheat rose to 256-260 $/t FOB, while the bid price reach of $250/t FOB. The strengthening of the Euro price of European wheat rose to $260/t FOB, which forces sellers to lower prices to enhance sales.