On Friday resumed the fall of stock prices wheat

2019-09-09 12:03:18
Machine translation
On Friday resumed the fall of stock prices wheat

After two days of speculative growth of stock exchange prices of wheat, on Friday they have resumed falling in the absence of factors.

 

On the American stock exchange on Friday, weighed data on the decrease in export sales of US wheat over a week by 52% to 312 thousand tons, which fell below the expectations of experts and 17.8% less than in the corresponding period last year.

 

Another bearish factor was the report on stocks of wheat in Canada, which decreased compared to the previous year by 9.7% to 6.2 million tonnes, which is the lowest level of the last 3 years, but 1 million tonnes exceeds traders ' expectations.

 

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

0.18 $/t to 144,49 $/t for solid winter HRW-wheat in Kansas city

2.85 $/t to 181,60 $/t on a firm spring HRS wheat in Minneapolis.

  • 1.38 $/t to 169,11 $/t for SRW soft winter-wheat in Chicago

 

the Market for wheat on Friday declined under the pressure of rising demand.

 

  • Quotes milling wheat in Paris fell 0.25 €/t to 166,75 €/t or 174,78 $/t

 

Traders expect the outcome of Saudi Arabia announced tender for purchase of 595 thousand tons of wheat, to participate for the first time allowed Russian wheat.

 

Turkey has also announced a tender for the purchase of 250 thousand tons of wheat for delivery in October-November, which will be able to support the market.

 

Prices for Russian wheat with protein 12,5% on Friday remained stable at 185 $/t FOB for September shipments and 187 $/ton FOB for October.

 

Ukrainian wheat with protein 11.5% of the offer for 182 $/MT FOB, while the bid price is at the level 178-179 $/t, and the supply offer in October for 183 $/t FOB.

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