After a speculative jump in wheat prices continue to decline

After Friday's speculative jump in wheat prices since the beginning of the week, they restored the case under the pressure of fundamental factors of low demand. Yesterday's adjustment was also unable to offset the overall weekly decline.

Wednesday, prices rose on rumours about a possible signing of the first trade agreement between the U.S. and China until 15 December, before introducing new tariffs.

the Quotations of Russian wheat after the victory in the Egyptian tender continued to grow, although this reduces its competitiveness.

Egyptian tender showed premium on wheat at the rate of 6 €/t on FOB Poland and 8 €/t on FOB Germany in comparison with March futures on the stock exchange in Paris.

Thailandska Betagro purchased on the tender of 60 tons of wheat presumably of European origin in the company of Olam for the price of 236,5 $/t CFR.

unlike Chicago, the Paris stock exchange yesterday continued to decline on fears that the tender in Algeria to win the Argentine and French wheat. Quotes do not support any intensification of exports to China and a good demand in the physical market.

the

• March wheat futures on the MATIF fell by 0.25 €/t to 184 €/t or 203,94 $/t

the Market for U.S. wheat after two days of falling again turned up, but his growth was restricted the weakening of the neighboring corn market.

Experts have increased expectations for weekly export sales of US wheat in the 300-700 kt in the hope to boost export.

March wheat futures in the U.S.:

the

1.38 $/t to 161,85 $/t for solid winter HRW wheat in Kansas city

0.55 $/t to 189,23 $/t on a firm spring HRS wheat in Minneapolis.

• 0.83 $/t to 193,82 $/t for SRW soft winter-wheat in Chicago