Wheat quotes expect new factors

the wheat Market is awaiting the outcome of the Algerian tender and data in the harvest in Australia, Argentina and Brazil.

Brazil finishes harvesting wheat crop which, compared to 2018 will decrease by 2.85 to 5,278 million T.

For Australia the Agency ABARE has lowered the forecast of wheat production to the lowest in 10 years level of 16.7 million tonnes due to prolonged drought, especially in the East of the country.

In Argentina, according to Bolsa de Cereales de Buenos Aires, as of 13 November, the wheat threshed by 13.3% of the area compared to 16% a year ago and 11.1% in average for 5 years. The forecast of wheat production in 2019/20 Mr reduced to 18.5 million tons, compared to 19 million tonnes in 2018/19 Mr.

the Ministry of industry and trade of Jordan at the tender 20 Nov purchased 60 thousand tons of milling wheat for delivery in late February at a price of 238 $/t C&F.

the Market for French wheat after upgrading a 3-week high stood waiting the outcome of the tender in Algeria.

Dry weather early in the week allowed French farmers to continue sowing of wheat and corn harvesting, which prevented a multi-day rains.

• the December futures for milling wheat on MATIF fell by 0.25 €/t to 180 €/t or 199,41 $/t

Chicago yesterday grew on the data about the deterioration of winter wheat. Investors covered short positions and carried out by speculative buying.

Experts see no potential for growth in export demand for U.S. wheat, so the expectations of weekly sales remain at the level of 200-500 thousand t

the December wheat futures in the U.S.

0.09 $/t to 156,53 $/t for solid winter HRW wheat in Kansas city.

• 1.29 $/t to 189,41 $/t for SRW soft winter-wheat in Chicago

Fell 0.74 $/t to 184,17 $/t hard spring HRS wheat in Minneapolis.