After a speculative jump in prices of wheat fell to

2019-12-03 12:05:03
Machine translation
After a speculative jump in prices of wheat fell to

After Friday's speculative leap on Monday, wheat prices resumed its decline under pressure from plentiful supply on the background of low demand.


Despite the decrease in production, Argentina in November-December, will substantially increase export through the likely increase in the government export duties. At the end of November exporters have concluded contracts of 9.95 million tons of wheat or 80% of official export forecast for 2019/20 Mr. According to estimates Bolsa de Comercio de Rosario, in December, the country exported a record of 3.63 million tons of wheat, and as of November 27, already exported 976 thousand tons of wheat of the new harvest, which is 30% higher than last year and 26% average three-year indicator.


India in 2020 due to prolonged monsoon will gather a record harvest of wheat, which against a background of historically large reserves will force the government to impose export subsidies.


Iran for the first time in 3 years entered the market for procurement of wheat and presumably acquired one ship Russian grain.



  • March wheat futures in Paris fell by 0.75 €/t 185 €/t or 204,86 $/t after the American exchanges.


the Market was supported by good exports of wheat from the EU, which this week was 227,59 million tonnes, and since the beginning of the season – 11.1 million tons, which is 58% higher than last year at this date. Adds optimism Algeria announced a tender for purchase of wheat for delivery in February, which traditionally wins the French wheat.


the Futures contracts on soft wheat in Chicago on Friday against the background of fundamental and speculative factors have renewed a maximum of 4.5 months. But Monday, investors started to fix profits and prices slipped.


wheat Exports from the U.S. for the week decreased by 43.2% to 246,968 thousand tons.


March wheat futures in the U.S. fell:


2.85 $/t to 161,39 $/t for solid winter HRW wheat in Kansas city

1.75 $/t to 187,30 $/t on a firm spring HRS wheat in Minneapolis.

  • to 2.39 $/t to 196,67 $/t for SRW soft winter-wheat in Chicago


the Increase of stock quotes warms up prices on the physical markets, where bid prices of the black sea and European wheat continued to increase despite low demand.


the bid Prices for delivery in December, Russian wheat protein to 12.5% increase the week before 210-212 $/t FOB, while delivery in December-January, Ukrainian wheat with protein 11.5% of the remain at 205-210 $/t FOB.