Wheat quotations on the stock exchanges in the United States and EU traded contrary to the fundamental factors

2020-06-16 12:22:36
Machine translation
Wheat quotations on the stock exchanges in the United States and EU traded contrary to the fundamental factors

in Spite of the bearish USDA June report, active collection and good condition of wheat crops in the U.S., stock prices rose yesterday due to speculators, while European wheat prices dropped sharply, despite the decline in yield forecasts in the EU.

 

According to the USDA, as of June 14 in the US, the number of crops of winter wheat in good or excellent condition fell last week by 1% to 50%, whereas a year ago the figure was 64%. Now threshed 15% of the area compared to 7% a year ago and 15% on average for 5 years.

 

spring wheat Sowing was completed, and the shoots were obtained on 95% of the areas compared to 92% a year ago and 97% on average for 5 years. The number of spring wheat in good or excellent condition fell last week by 1% to 81%, whereas a year ago the figure was 77%.

 

Despite the "bearish" USDA report exchange in Chicago on Monday grew with the support of speculators and increase the export of wheat from the U.S. for the week by 16% to 444 thousand tons.

 

the July wheat futures in the U.S.:

the

0.64 $/t to 189,23 $/t on a firm spring HRS wheat in Minneapolis.

  • 1.01 $/t to 185,46 $/t for SRW soft winter-wheat in Chicago

Fell 1.01 $/t to 163,78 $/MT of hard winter HRW wheat in Kansas city.

 

the EU Countries in 2019/20 MG as of 14 June increased compared to the corresponding period of the previous season, the export of wheat by 65% to 33,064 million tons, and reduced its imports by 50% to 1,991 million tons.

 

In contrast to the Chicago stock exchange in Paris reacted to the USDA report drop. Prices further pressure the strengthening of the Euro and the General decline in world stock and commodity markets.

 

Quotes did not support even the MARS report, which forecast the yield of winter wheat in the EU in comparison with may rating reduced by 2% to 5.39 t/ha, which is below the average 5-year rate of 5.54 t/ha as crops in the North-West of Europe, in Hungary and in the East of Romania continue to suffer from drought.

 

For France, which is the largest producer and exporter of wheat in the EU, assessment of the crop yields have reduced by 4% to 6.58 t/ha, which is inferior to 17% last year and 7.5 percent in average 5-year average.

 

the

  • September futures for milling wheat on MATIF fell by 2.25 €/t to 3-month low 181,25 €/t or 205,44 $/t

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