The activity of the importers support the price of wheat

2018-09-20 12:06:15
Machine translation
The activity of the importers support the price of wheat

this week importers continued to buy wheat, which added a positive market trend.

 

Syrian grain Agency Hoboob on September 17 tender purchased 200 TMT of Russian wheat with protein 11.5% at delivery conditions 15 Oct-15 Dec price 224,5 $/t C&F, which is by 29.5 $/t purchase price exceeds the previous auction on July 9.

 

Grain operator of Turkey, TMO has announced on 25 September, a number of international tenders for the procurement of 252 thousand tons chervonoarmyska milling wheat.

 

the Market for French wheat on Wednesday rose to one-week high amid procurement tenders of the countries of North Africa and the Middle East, as well as new rumors about the possible restriction of export of wheat from Russia. Additionally supported the price decline experts Cereal production forecast for wheat in the EU to 130 million tons.

 

  • the December futures for milling wheat on the stock exchange in Paris rose by 3.25 €/t to 202,5 €/t or 236,58 $/t

 

Yesterday, December futures for soft wheat in Chicago reached the weekly maximum. Amid strong export demand, investors have been speculative purchases.

 

the Increase in experts statistics Canada forecast of wheat production in the country from 29 to 31 million tonnes no impact on prices as traders are more interested in data USDAthat predicts harvest level 131.5 million tons Now everyone is watching the fate of the wheat crop in Australia, where frosts can damage the crop in the Western part, while drought reduces the yield.

 

the December futures for U.S. wheat has increased:

3.77 $/t to 193,36 $/t for solid winter HRW wheat in Kansas city

2.85 $/t to 216,05 $/t on a firm spring HRS wheat in Minneapolis.

  • 4,41 $/t to 191,98 $/t for SRW soft winter-wheat in Chicago

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