Active demand supported the stock price of the wheat

2019-01-24 12:07:56
Machine translation
Active demand supported the stock price of the wheat

on Wednesday, European traders watched the tender in Tunisia, which was allegedly purchased French wheat.

 

  • However, for the low trading activity of quotes for wheat in Paris remained at 205,75 €/t or 234,28 $/t

 

Funds last week reduced 10% long positions in wheat on Euronext.

 

Speculators warmed up the prices on us exchanges on the news about the anticipation of frost in the regions of cultivation of winter and the hope for intensification of the export of wheat from the US, so the March futures for the soft wheat in Chicago rose the most since December 20 level.

 

Experts Informa left the forecast of sown areas under winter wheat in the United States for harvest in 2019 at the level of 31,213 million acres and spring – at the level of 13.78 million acres.

 

Traders expect the report USDA, where the sowing area of wheat can be increased by reducing acreage under soybean.

 

March wheat futures rose:

1.93 $/t to 189,23 $/t for solid winter HRW wheat in Kansas city

1.29 $/t to 211,46 $/t on a firm spring HRS wheat in Minneapolis.

  • 1.75 $/t to 193,27 $/t for SRW soft winter-wheat in Chicago

 

Grain Agency of Tunisia ODC yesterday at the tender purchased 100 thousand tons of soft milling wheat optional origin for Feb-March at a price 259,22-260,11 $/t C&F.

 

the Algerian OAIC plans today to tender to purchase a minimum of 50 thousand MT of hard milling wheat of arbitrary origin.

 

the Turkish operator TMO on 30 January tenders for the purchase of 300 thousand tons chervonoarmyska milling wheat optional origin protein 13.5% of delivery in February-March.

 

the Ministry of industry and trade of Jordan announced a tender for purchase of 120 thousand tons of milling wheat of arbitrary origin.

 

State company of grain silos and supply Jordan GCSS announced on 11 February, the tender for the purchase of 25 thousand tons of milling wheat with protein 11%.