The price of wheat awaiting the outcome of the harvest in Canada and Russia

Stock prices on Friday remained stable in anticipation of the new factors.

Cold and wet weather in Canada is delaying the harvest and leads to losses and lower wheat quality.

In Russia as of October 4, with 26.5 million hectares or 94.3% of the area harvested 75.6 million tonnes of wheat with a yield of 2.85 t/ha, compared to 69,7 million tons on the same date in 2018, Probably, in the report USDA the forecast of wheat production for Russia and the EU will increase, but the question remains, how will reduce the production estimates for Canada, Australia and Argentina. It is expected that the world balance of wheat in the October report USDA will not change significantly, unlike the balance in corn, which will also affect the wheat market.

• Futures milling wheat in Paris remained at the level of 176,25 €/t or of 193.6 $/t, with the reduced demand puts pressure on quotations.

Prices on Polish, Romanian and Baltic wheat protein 12,5% remain at 193-194 $/t FOB, in French with protein 11% - at 193 $/t FOB.

Frost and possible snow in the States of Montana and North Dakota put pressure on prices of spring wheat, while trading the December futures in Chicago on Friday ended in the red zone due to technical factors. The market expects the October report USDA, who will unveil on October 10.

the December wheat futures in the U.S. had the following dynamics:

0.64 $/t to 148,44 $/t cheaper solid winter HRW wheat in Kansas city

to 2.39 $/t to 196,94 $/ton rose solid spring HRS wheat in Minneapolis.

• 0.64 $/t to 180,22 $/ton rose soft winter SRW wheat in Chicago