Despite the growth of commodity markets wheat prices are falling

2019-07-16 12:04:02
Machine translation
Despite the growth of commodity markets wheat prices are falling

Monday stock exchange, wheat prices declined under pressure from weather factors and intensification of collection. In addition, speculators took profits after Friday's jump in prices and conducted the sale.

 

In Paris, wheat for the session traded in green zone with the support of the data about active exports to countries in Africa, but at the end of the auction under pressure from the us exchanges quotes have gone down.

 

  • September futures for wheat on Euronext fell 1.5 €/t to 176,75 €/t or 199,07 $/t.

 

As of July 14 soft wheat exports from the EU to 2018/19 MG reached 399,321 thousand tons, which is 5% higher than the corresponding figure 2018/19 Mr.

 

the Chicago stock Exchange began the week sharply lower. Dry and warm weather in the wheat belt will accelerate the harvest, and the rains in the corn belt will improve the condition of crops.

 

According to the USDA, as of July 14, winter wheat collected on 57% of areas, compared with 71% in average of 5 years and expected traders 62%. The number of spring wheat in good or excellent condition decreased by 2% to 76% compared to 80% in 2018.

 

wheat Exports from the U.S. for the week decreased by half to 315,3 thousand tons, which is 34% less than the corresponding indicator of the previous MG.

 

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

6.71 $/ton to 164,98 $/t for solid winter HRW wheat in Kansas city

3.77 $/t to 195,66 $/t on a firm spring HRS wheat in Minneapolis.

  • for 5,60 $/t to 186,56 $/t for SRW soft winter-wheat in Chicago

 

Reducing estimates of wheat production in Russia up to 76-78 million tons, compared to USDA's projected 74,4 million tonnes supported rates black sea wheat, which rose by 1-2 $/t. However, through low demand active procurement not yet seen.

 

Ukraine per week reduced the export of wheat by 20% from 157 to 125 thousand tons, while Russia has almost doubled to 490 thousand tons.

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