The Algerian wheat tender did not save the exchange from falling

2017-04-10 12:16:38
Machine translation
The Algerian wheat tender did not save the exchange from falling

on Friday extended the French wheat cheaper on the Paris MATIF.

 

Algerian state-owned trader OAIC on Friday at the tender purchased 450 thousand tons of soft wheat at a price of 200 $/t CIF. Part of the wheat, which is purchased Algeria, is of French origin. However, the delivery should take place only in June, so for the immediate situation, the transaction will not be affected.

 

May milling wheat quotations on the MATIF fell by 0.5 Euro/ton to 163,25 € /t, however, the decline of the Euro against the dollar to a level 1,0589 led to a significant decrease in the dollar price of wheat to 173,33 $/ton.

 

the Market for U.S. wheat on Thursday and Friday also moved down. In the absence of fundamental factors supporting investors cut wheat agreement. Significant pressure on the market carry large stocks of wheat in the world and in the United States in particular.

 

quotes to Support could not even increase the weekly export sales of wheat to 568 thousand tons compared to 460 thousand tonnes in the previous week.