Procurement prices for wheat in Ukraine rose to their highest in the season level

2020-09-03 12:02:13
Machine translation
Procurement prices for wheat in Ukraine rose to their highest in the season level

Global wheat prices continue to rise amid tight supply from the major exporting countries, despite fundamental factors in the form of high carryover stock and significant deals in the global balance.

 

the Forecasts of dry weather in the major exporting countries for the next two weeks, concern about the possible delay of sowing of winter wheat.

 

Following the rapid rise in world stock prices traders in Ukraine yesterday raised the purchase price by 2-3 $/t 198-200 up to $/t at the port, and due to the growth of the dollar exchange rate hryvnia prices increased by 100-120 UAH/t to 6450-6550 UAH/t

 

a Cause of rising prices was deterring sales producers, who had expected the price increase to the psychological level of 6000 UAH/MT on basis FCA-farm or 200 $/t at the port.

 

In the EU to establish a favorable for sowing of winter weather that would have had to reduce the price of European wheat on the back of lower export demand. However, the rates continued to increase as a result of the depreciation of the Euro against the dollar to the level of 1,182 $/€.

 

the

  • September futures milling wheat on MATIF rose 2.5 €/t to 192,5 €/t or 227,6 $/ton, and December by 0.5 €/t up to 188 €/t or 222,2 $/t

 

Wheat contracts at CBOT in Chicago fell yesterday amid the profit-taking by investors after a rapid rise the day before, when prices for SRW wheat have updated a 5-month high. Traders disappointed by the lack of acknowledgement of the procurement of wheat importers from China.

 

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

the

2.88 $/t to 175,17 $/t for solid winter HRW wheat in Kansas city.

  • by 2.94 $/t to 201,26 $/t for SRW soft winter-wheat in Chicago

Remained at the level of 192,99 $/t hard spring HRS wheat in Minneapolis.

 

Egyptian GASC today will hold another tender to buy at least 60 thousand tons of milling wheat optional origin delivery 5-15 November, which will support prices for black sea wheat.

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