Wheat prices continue to fall under pressure from low demand

2019-11-12 12:09:07
Machine translation
Wheat prices continue to fall under pressure from low demand

Wheat markets remain under the influence of a new report USDA, where was the increased estimates for global production and ending stocks. Most reduced prices for black sea wheat due to lower demand from buyers who prefer the new crop from Australia and Argentina.

 

Russia for a week have reduced wheat exports by 36% from 887 to 565 thousand tons, and Ukraine – 25% from 639 to 480 thousand tons Since the beginning of the season Russia has exported 16.6 million tonnes, which is 10% below the corresponding indicator 2018

 

the EU for a week have reduced wheat exports to the lowest in the season the level of 220 thousand tons, although the start of the season it is 9.67 million tonnes, which is 55% higher than the same indicator 2018

 

the market of French wheat yesterday weighed the strengthening of the Euro and falling prices for Russian wheat increased USDA forecast exports in 2019/20 Mr.

 

the

  • the December futures for milling wheat on MATIF fell 1.25 €/t to 177,25 €/t or 195,51 $/t

 

Egypt in 2019/20 Mr plans to import 6.2 million tons of wheat, - reported in the Ministry of agriculture of the country, and now wheat stocks will last until March 16, 2020.

 

the December futures for soft wheat in Chicago yesterday fell to one-month low, as weak export demand, investors have been speculative sales. Pressure on prices once the uncertainty in the trade negotiations between the US and China.

 

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

the

1.19 $/ton to 189,32 $/t on a firm spring HRS wheat in Minneapolis.

  • 1.65 $/t to 185,83 $/t for SRW soft winter-wheat in Chicago

Rose 0.46 $/t to 155,33 $/MT of hard winter HRW wheat in Kansas city.

 

In Ukraine the price of wheat dropped in the port to the following levels:

the

protein 11.5 per cent 189-190 $/t or 5450-5500 UAH/t,

forage — 185-186 $/t or 5200-5300 UAH/t

  • protein 12,5% — 190-191 $/t or 5450-5550 UAH/t,

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