The price of wheat froze in anticipation of the USDA report

2018-11-08 12:08:07
Machine translation
The price of wheat froze in anticipation of the USDA report

Trading on the world's wheat exchanges yesterday were spent waiting new balance USDA. Experts try to calculate whether the growth of wheat production in Russia to compensate for the reduction of the yield in Australia, Canada, EU and Argentina.

 

the Markets are starting to get disturbed by news from Russia, where the first announced reduction of the official forecast of wheat exports from the country in the current season, and then the representatives of the Ministry of agriculture said that it is planned to export 38-39 million tonnes of grain, of which the share of wheat will be 34-35 million tons, whereas previously the volume of wheat exports was estimated at 33-34 million tonnes.

 

In the previous my, Russia exported 52.4 million tons of grain, of which 40.2 million tonnes of wheat.

 

  • December quotes milling wheat in Paris remained at the level of 201,25 €/t or 230,07 $/t

 

pressure On prices strengthening of the Euro, however, supports the growth of wheat exports to Algeria.

 

Trading in the U.S. took place under the pressure of contradictory news from Russia.

 

the Experts increased the level of weekly export sales of US wheat in the 200-500 kt to 300-600 thousand tons.

 

the December wheat futures on US exchanges declined:

2.11 $/t to 184,54 $/t for solid winter HRW wheat in Kansas city

2.85 $/t to 213,38 $/t on a firm spring HRS wheat in Minneapolis.

  • 0,64 $/t to 187,48 $/t for SRW soft winter-wheat in Chicago