Wheat prices on the US stock exchanges continue to fall

Before the publication of the August USDA report world analytical agencies publish their own predictions, yet affects quotes.

Yesterday the canadian Agency of FarmLink Marketing Solutions has estimated the wheat crop in Canada including solid grades in a record 39 million tonnes, which exceeds the previous record of 2013 – 37.6 million tonnes.

the Increase in forecast production in Canada, Russia and Australia remains the main factor of pressure on prices, resulting in the wheat exchange, the United States ended yesterday's trading significant drawback, September futures in Kansas city and Minneapolis fell to contract lows, while investors spent massively speculative sales.

Export sales of US wheat for the week decreased by 11%, to 605,5 thousand tons, which corresponds to the expert expectations. Selling 85 thousand tons of wheat to China and the increase in actual exports for the week by 18% to 598,1 kt are unable to support prices. Total wheat exports in the new season was 4.5 million tonnes, which is 9% higher than the corresponding figure 2019

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

the

at 3.40 $/t to 10-month low 153,31 $/t for solid winter HRW wheat in Kansas city

2.02 $/t to 182,25 $/t on a firm spring HRS wheat in Minneapolis.

• 3.49 $/t to 184,17 $/t for SRW soft winter-wheat in Chicago

the Market for wheat is also in the "bearish" trend, while deterring sales manufacturers amid growing demand in EU support prices. In France increasingly active not exporters and processors, in particular manufacturers of animal feed. For the week from the port of Rouen were exported only 100 tonnes of wheat in the direction of Algeria and China.

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• September futures milling wheat on MATIF remained at the level of 179,25 €/t or 212,70 $/t

the bid Price for black sea wheat has fallen to $200/MT FOB, while prices remain at 205-207 $/t FOB, as producers are holding back sales, especially amid falling prices in the ports.