Wheat prices rose due to active tender procurements

the Increase in demand for wheat from buyers puts traders optimism.

Today will be known the outcome of the tender for purchase Saudi Arabia 600 thousand tons of wheat.

Algeria announced a tender for the purchase of a minimum of 50 thousand tons of milling wheat of arbitrary origin with deliveries in periods 1-15 and 15-31 Dec.

Bangladesh until October 30, plans to buy 50 thousand tons of wheat.

Russia for a week has reduced the export of wheat to 700 thousand t, and in General the season has already sold 14 million tonnes, which is 9% below the corresponding period last year.

Ukraine per week reduced the export of wheat almost doubled to 414 thousand tons, and from the beginning of MG, it amounted to 10 million tons, which is 47% higher than in the same period 2018

Rise in price of black sea wheat protein 12.5% to 208 to 210 $/MT FOB has led to a drop in demand and slowing exports.

• the December wheat futures on the MATIF remained at the level of 181,25 €/t or 202,49 $/t for the strengthening of the Euro to 7-week high of 1,115 $/€ on the background to advance negotiations on braxto.

In anticipation of further strengthening of world prices of wheat futures in Chicago continued to grow. In 3 days they grew by 9.27 $/t, which is the highest since July 15 level.

the Rains in Argentina are unable to improve the condition of their wheat crop after a long drought.

Due to dry weather in Australia, the NAB Agency lowered the forecast of wheat production in the country to 15.5 million tonnes, 1.8 million tonnes lower than in the previous season.

Export sales of wheat from the United States amounted to 395,1 thousand tonnes, which is expected by the experts 250-500 thousand tons.

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

0.92 $/t to 159,37 $/t for solid winter HRW wheat in Kansas city.

• 2.48 $/t to 195,56 $/t for SRW soft winter-wheat in Chicago

Fell by 2.75 $/ton to 200,07 $/t hard spring HRS wheat in Minneapolis.