Clarification of the situation with the restriction of exports lowers the price of wheat

2020-03-31 12:02:43
Machine translation
Clarification of the situation with the restriction of exports lowers the price of wheat

Friday MSG of Russia reported that by the end of the season, the country exports less than 7 million tons of wheat and MSG of Ukraine agreed with exporters, the maximum of wheat exports at 20.2 million tons of Kazakhstan officially confirmed a ban on exports of wheat flour and the absence of restrictions on the export of wheat.

 

It lowered the price of wheat in the United States, whereas in Paris they rose due to the depreciation of the Euro and declared amid a record pace of exports of European wheat procurement tenders in Algeria and Saudi Arabia.

 

For the week, the EU exported 182,243 thousand tons of wheat, and from the beginning of the season – 23,94 million tonnes, which is 68% higher than the corresponding figure 2018/19 Mr and 51% of the average 5-year level.

 

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  • the May futures for milling wheat on MATIF rose 1.25 €/t to 196,25 €/t or 216,17 $/t

 

In the background to clarify the situation with the export restrictions may futures on soft wheat in Chicago on Monday traded in the "green zone", but at the end of the day sank under pressure from the neighboring corn market, which is suffering from the decline in demand for bioethanol, and as a result improve the condition of winter wheat crops.

 

wheat Exports from the U.S. for the week decreased by 3% to 363,8 thousand tons, which is 20% inferior to the respective index of the previous year and is below expert expectations. Since the beginning of the season the exports made 20.46 million tons, which is 8.3% higher than last season at the same date.

 

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

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0.83 $/t to 196,48 $/t on a firm spring HRS wheat in Minneapolis.

  • 0.64 $/t to 209,89 $/t for SRW soft winter-wheat in Chicago

Remained at the level of 178,85 $/MT of hard winter HRW wheat in Kansas city.

 

In Ukraine the price of wheat through increased export demand grew up in port for 8-10 $/t to 194-195 $/t or 6500-6600 UAH/t following the Russian wheat, prices of which reached 220-225 $/t FOB. But the week off, announced in Russia, calm the markets and reduce export activity.

 

Russia within March 20-26, of sea and river ports exported 635 thousand MT of wheat, which is 18% higher than the previous week.

 

at the same time Ukraine per week reduced the export of wheat by 5% to 303 thousand tonnes due to the reduction of proposals from the manufacturers.

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