Wheat prices are rising on expectations of enhanced procurement importers

After a long fall of wheat prices yesterday began to grow on the background of a declared Algeria and Tunisia tenders where usually buy significant quantities of wheat.

Exchange in Paris for the first time in 4 days ended the day in positive territory following gains in Chicago and in anticipation of the Algerian tender, moreover, that there is unlikely she will compete with Argentinian wheat.

According to Bolsa de Cereales de Buenos Aires, as of November 13, in Argentina the wheat is gathered by 13.3% of the area compared to 16% a year ago and 11.1% in average for 5 years. Part of the crop affected by Fusarium and other fungal diseases. Therefore, the Agency has lowered the forecast of wheat production in the country in 2019/20 Mr from 18.8 (assessment last week) to 18.5 million tonnes, compared to 19 million tonnes in 2018/19 Mr.

wheat Exports from the EU rose last week to 277,8 thousand tons thanks to the active shipping from the Baltic countries, but in the whole season exported 10.3 million tons, which is 56% higher than the corresponding figure last year.

• the December futures for milling wheat on MATIF rose by 0.75 €/t up to 178 €/t or 197,05 $/t

Chicago yesterday turned up by investors covered short positions, the depreciation of the Euro and the regular purchases of American wheat by China.

wheat Exports from the U.S. for the week decreased by 20% to 449,3 thousand tons, which is 13.5% lower than in 2018 on that date. For the second consecutive week the largest consignment of wheat (65,1 thousand tons) purchased China. Since the beginning of the season, the United States exported 11.9 million tons of wheat, which is 21% higher than the corresponding figure 2018/19 Mr.

Winter wheat planted acreage 955, which corresponds to the average 5-year level and 3% exceeds a similar indicator 2018 Shoots were obtained on 83% of the area compared with 86% on average.

the December wheat futures in the U.S.:

0.55 $/t to 153,77 $/t for solid winter HRW wheat in Kansas city.

• 1.65 $/t to 186,38 $/t for SRW soft winter-wheat in Chicago

has Fallen in price on 0,18 $/t to 184,91 $/t hard spring HRS wheat in Minneapolis.

Ukraine per week reduced the exports of wheat from 491 to 476 thousand t, and the beginning of the season exported 12.63 million tonnes, which is by 4.18 million tons more than last year.

Russia for a week have reduced wheat exports by 42% to 414 thousand tons, and the total exports since the beginning of the season at 15% behind of last year.

Prices for black sea wheat remain at 206-207 $/t FOB, but the demand is almost non-existent, as buyers have already covered their needs.