Wheat prices stabiliziruemost due to increased demand

the increased purchasing of wheat by importers of evidence acceptable to all market participants, the price level, which reduces the volatility of the markets.

Procurement tenders in Algeria, Jordan, Thailand and Pakistan add optimism to sellers and demonstrate the price level that importers are willing to pay in the new season.

the Algerian Agency OAIC to tender 18 Aug acquired up to 560 thousand tons of soft milling wheat, French, German, and Baltic production with delivery in September-October at an average price 231-232 $/t C&F.

Trading Corporation of Pakistan (TCP) has announced a tender procedure for purchase of 1.5-2 million tons of milling wheat, which is mostly offered wheat from Ukraine and Russia at a price of 233,85-250 $/MT C&F, but also from Australia, the US and the EU at a price 255,5-269 $/t C&F. the results of the tender will significantly affect the price level of the black sea wheat.

Thai company TFMA acquired 69 thousand tons of feed wheat black sea origin for October delivery at a price 232,25 $/t CFR.

the Ministry of industry and trade of Jordan to tender on 19 August, where it was planned to purchase 120 thousand tons of milling wheat, again rejected all bids through too high prices.

Egypt, the world's largest wheat importer, will reduce the size of the subsidized loaves of bread, 20 grams due to the increased shortage of Finance in foreign currency (lately, wheat is imported at borrowed from Islamic Development Bank funds), which soon may lead to a reduction in imports.

French wheat after reaching Friday's 3-week high, yesterday continued to fall in price. In prices crushes the strong Euro against the dollar and the results of the tender in Algeria, where the winner will receive the Baltic mainly due to the low wheat harvest in France.

the

• September futures milling wheat on MATIF fell by 0.75 €/t to 182,5 €/t or 215,83 $/t

the Decline of the dollar to the lowest since may 2018 level contributed to the growth of prices on all the US exchanges.

the September wheat futures in the U.S.:

the

by 2.76 $/t to 160,75 $/t for solid winter HRW wheat in Kansas city

at 1.10 $/t to 187,39 $/t on a firm spring HRS wheat in Minneapolis.

• 1.65 $/t to 188,12 $/t for SRW soft winter-wheat in Chicago

In Ukraine, the pace of wheat exports almost caught up with last year. As of August 19 exported 3 million tonnes of wheat, 110 kt is inferior to the corresponding indicator 2019

After a sharp drop in purchasing prices for wheat of recent weeks, while export prices at the port resumed at 1-2 $/t to 186-188 $/t And thanks to the change in the exchange rate of 27.3 UAH/$ 27,42 UAH/$ purchase price rose to 6150-6180 UAH/t