Speculators lowered the price of wheat on the stock exchanges

After a significant jump in wheat prices Monday, investors began to fix profit. The decline in prices has accelerated the fall in commodity markets, especially oil, which during the session has lost 7.1 percent. Wheat in Chicago fell from 3.9%.

Additional factor of pressure was the news about a possible admission by Iraq of Russian wheat to participate in public procurement tenders, whereas usually the country to buy wheat, US, Canada and Australia.

the Pace of wheat exports from the USA remained at the level of the previous week and was only 342,1 thousand tons, which is 10% higher than the same week last year.

the Pace of sowing winter wheat below expert expectations, that in the event of frost and snow in the Midwest and Us Plains may soon become a factor of price support. As of 11 November, winter wheat in the United States planted 89% of the planned areas compared to 94% on average for 5 years, and shoots were obtained on 77% vs. 83% on average for 5 years.

the December wheat futures on US exchanges fell:

by 2.57 $/ton to 178,75 $/t for solid winter HRW wheat in Kansas city

1.56 $/t to 212,47 $/t on a firm spring HRS wheat in Minneapolis.

• 4,41 $/t to 186,56 $/t for SRW soft winter-wheat in Chicago

In Paris wheat prices were supported by news of a draft agreement on Brexit between the UK and the EU, as well as dry weather in Eastern Europe, especially in Romania. In France, the rain passed, which will contribute to the development of winter crops.

• December futures for milling wheat fell on the Paris stock exchange at 0,25 €/t to 201,75 €/t or 228,09 $/t

Ukraine and Russia continue to export wheat. For the week, Ukraine increased exports by 18% to 489 thousand tons, Russia – by 2% to 650,5 thousand tons of wheat Exports in Russia to the end of the year could reach 25 million tons, so traders are hurry up to ship the purchased lot, to avoid possible introduction of restrictions.

Ukrainian traders are stepping up the export of wheat, as most terminals plans to prevail only one crop, including corn, therefore, accumulate in the terminal at the same time the wheat is becoming increasingly difficult.

the Purchase price for wheat in Ukraine and Russia remain unchanged.