Distribution coronavirus continues to lower wheat prices

Recognition experts who situation rozpowszechniania coronavirus emergency had a negative impact on stock and commodity markets as investors fear a possible economic problems caused by the epidemic. The results of the tender in Egypt lower prices on physical markets.

Wheat exchange in Paris began trading with the fall, and by mid-session, the March futures fell to a 20-day low. However, the rates supported the results of the tender in Egypt, where French wheat won because it was the cheapest, but the purchase price compared with the previous trading, fell by $5/t

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• March futures for milling wheat on MATIF fell by 0.25 €/t 192,25 up to €/t or 212,09 $/t

Chicago futures wheat updated 3-week low amid falling export prices for Russian wheat.

Export sales of US wheat for the week amounted to 646,3 thousand tons, which is 49% higher than the average level of the last 4 weeks. However, the actual exports for the week decreased to a minimum of the current season – 218,3 thousand tons, although in General since the beginning of the season, he is 15.7 million tonnes, which is 26% higher than last year on the same date. To reach the projected USDA the level of 26.54 million tons, the country should, before 1 June weekly export 640 thousand tons, which, based on recent data, it is unlikely.

March wheat futures in the U.S. fell:

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0.37 $/t to 173,06 $/t for solid winter HRW wheat in Kansas city.

• 0.64 $/t to 205,94 $/t for SRW soft winter-wheat in Chicago

Rose 0.27 $/t to 197,13 $/t hard spring HRS wheat in Minneapolis.