The purchase price of wheat in Egypt had risen by 8 $/t

the increased purchasing of major wheat importing countries supports the stock market and promotes the growth of prices on physical markets.

At yesterday's tender, the Egyptian GASC bought 114 thousand tons of Russian soft milling wheat with delivery from 16 to 26 August at the price 211,9 $/MT FOB with freight costs of 14.85 $/t corresponds to 226,75 $/t C&F by 6.69 $/t FOB and for 7,95 $/t C&F is more expensive than the purchase price at the previous auction last week where it was contracted 240 thousand tons of Russian wheat.

compared to the previous tender bid prices of Ukrainian wheat grew by 5.5 by 11.9 $/t, Russian – 7.1-12,06 $/MT FOB, while Romanian and French wheat participation in auction did not accept.

Egypt returned to the practice of leaving the phytosanitary inspectors at ports of shipment for inspections of wheat imported.

the Jordan at the regular tender, bought 60 thousand tons of wheat, protein 12.5%, and for December delivery at a price of 244.5 $/t C&F, which is 7.5 $/t higher than at the previous auction.

the

• With the support of the Egyptian tender September futures milling wheat on MATIF rose by 0.75 €/t up to 185,5 €/t or 211,5 $/t

the Chicago stock Exchange on Tuesday has grown with the support of the speculators covered short positions and made the purchase.

follow the Agency experts IKAR SovEcon also lowered the forecast of wheat production in Russia, however, only 0.9 million tonnes to 79.7 million tons, which also supported the market.

In the US winter wheat collected on 68% of the area, and the number of crops of spring wheat in good or excellent condition decreased for the week by 2% to 68%, whereas a year ago the figure was 76%.

the September wheat futures in the U.S. had the following dynamics:

the

2.48 $/t to 162,50 $/t decreased solid winter HRW wheat in Kansas city

remained at the level of 190,60 $/t hard spring HRS wheat in Minneapolis.

• 0.73 $/t to 193,54 $/t increased winter SRW soft wheat in Chicago

bid Prices of Russian wheat protein 12,5% increased to 208 to 210 $/MT FOB, while the bid prices are 200-205 $/t FOB.

In Ukraine because of the shortage of supply caused by the delay in harvesting, procurement prices for food wheat increased in ports to 190-193 $/t or 6100-6200 UAH/t

As of July 10 from 918 thousand ha or 14% of the area harvested of 2.92 million tons of wheat with a yield of 3.18 t/ha, whereas a year ago, with 35.4% of the acreage was harvested 8 mln MT of winter wheat with a yield of 3.49 t/ha (3,03 t/ha in 2018).