Active sale down the stock price of the wheat
on Tuesday, European and American wheat exchanges continued to fall amid strong sales, which were held by traders and funds.
Experts USDA unveiled the first report on the state of crops of winter wheat in the United States, which planted the smallest for 100 years, the number of squares. Abnormally cold January weather in some regions of the United States could damage the plant winter crops, but analysts USDA assured that the crops are in better condition than during the severe drought last year.
After the publication of the report may futures on soft wheat in Chicago has updated its minimum. Against the background of falling world prices speculators to boost sales, but competition, including with Russian wheat, not reduced.
the Taiwan Flour Millers' Association (FLA) acquired at the tender 110 thousand tons of hard wheat U.S. protein 14.5% price 248-251 $/t and protein 12.5% - 236-237 $/t FOB with delivery in April-may, which supported stock prices in Minneapolis.
May futures on Monday fell:
to 2.20 $/t to 163,23 $/t for solid winter HRW wheat in Kansas city.
- 1.65 $/MT to 172,05 $/t for SRW soft winter-wheat in Chicago
rose Only 0.74 $/t to 203,92 $/t hard spring HRS wheat in Minneapolis.
Jordan on the tender 26 Feb bought 60 TMT of hard milling wheat of new crop with delivery of 1-15 August, presumably of European manufacture at a price 226 $/t C&F, which is 13 $/t lower than at the auction on 5 February.
the results of the tender on account of absence in the short term, any factors supporting prices prompted investors to sell the wheat and go to other items.
- May futures for wheat on Euronext fell by 2.5 €/t to its lowest level for them 188,25 €/t or 214,3 $/t
Traders said the low prices for wheat of the new harvest determine the September futures that are traded 176,75 €/t
Due to the low export demand bid prices of Russian wheat protein 12,5% dropped to 234-236 $/MT FOB, while wheat with protein 11.5% of the offer 230-232 $/t FOB with delivery in March-April.
