The decline in exports weighs on the stock price of the wheat

wheat Exports from major producing countries puts pressure on prices and evidence of actual market demand.

According to the European Commission, for a week the volume of wheat exports from the EU fell from to 51,782 115,7 thousand tons and as of August 5, it reached 929,123 thousand tons, which is 33,7% less than the corresponding indicator of the last season.

Europe's Largest exporter remains a Romania that has implemented this season, 430 thousand tons of wheat.

• September futures for milling wheat on MATIF fell by 0.5 €/t to a minimum of 2.5 months 172,75 €/t or 193,96 $/t

wheat Exports from the U.S. for the week decreased by 4.5% to 395,1 thousand tons, which is 20.8% higher than the corresponding figure of the previous MG, and since the beginning of the season amounted to 4.21 million tonnes, which is 25% higher than on that date in 2018.

in the absence of fundamental factors supporting the American stock exchange yesterday traded in the red zone, and Chicago prices lost 4 $/t, but at the end of the session, speculators have covered short positions and played for a raise.

the September wheat futures in the U.S.:

1,84 $/t to 156,80 $/t for solid winter HRW wheat in Kansas city

0.83 $/t to 192,72 $/t on a firm spring HRS wheat in Minneapolis.

• 1.38 $/t to 181,69 $/t for SRW soft winter-wheat in Chicago

Russia is actively ships the wheat, although the week has reduced exports from 1.1 to 0,916 million t. Demand for wheat has increased after the reduction in production forecasts. Experts IKAR again reduced the forecast of wheat crop by 0.9 MMT to 75.5 million tonnes.

Prices of Russian wheat protein 12,5% increased by 1-2 $/t 196-198 up to $/t FOB for delivery in September, although buyers are still not raise prices.

This allowed Ukraine to increase for the week, the export of wheat by 72%, from 422 to 724 thousand tons.

Egypt offers for Ukrainian wheat with protein 11.5% of 202-204 $/t CFR, although ask for it at least 206 $/t CFR because of the Russian wheat is of higher quality and accordingly the price. Today will hold the next GASC tender, which will show the actual price levels.

Turkish buyers for wheat with protein 12,5% offer 200 $/t CFR Marmara, while bid prices are 204-205 $/t CFR Marmara.

Argentine farmers to sell wheat forward and have already implemented 3.1 million t in December-January. This week lowered the price from 170 to 165 $/MT FOB Rosario and will continue to put pressure on the quotes in the second half of the season.