The exchange has not yet responded to the increased projections of wheat production in the EU and Russia

the Increase in forecasts of wheat production in the EU and Russia will be offset by declines in Australia, so experts do not expect a significant change in the balance in the November USDA report.

the European Commission has increased the forecast of wheat production in the EU by 2 million tonnes to 147 million tonnes and exports 0.5 million tonnes to 26 million tonnes.

Experts FAS, the USDA updated forecast of wheat production in Russia, which may not coincide with the usually more conservative official USDA report. Thus, in comparison with the October forecast, the USDA estimate of production increased by 1.5 million tonnes to 74 million tonnes, which is 3.2% higher than the figure recorded last season.

According to a survey of Australian Prime brokerage INTL FCStone, which operates mainly in the agricultural markets, Australia will reduce wheat production to 15.54 million tons, which is 19,1% less than the official forecast.

the Market for French wheat is growing on the background of victory in the Egyptian tender and due to the increase in the European Commission's forecast of export of soft wheat to third countries in 2019/20 Mr from 25.5 (estimate October) to 26 million tons of Price supports Chicago that is growing in anticipation of the publication of the USDA report.

• the December futures for milling wheat on MATIF rose by 0.75 €/t to USD 178,5 €/t or 197,5 $/t

Traders upset a significant volume of supply of Russian wheat at tender Egypt and her victory, despite the high price.

At a time when stock exchanges in Kansas city and Minneapolis has decreased, investors in Chicago conducted speculative buying and closed short positions that supported the quotes.

the Decrease in the forecast of wheat exports from Australia and an increase in the weekly expectations for U.S. exports to 350-600 thousand tons also affected the prices in Chicago.

the December wheat futures in the U.S. fell:

1.01 $/t to 192,26 $/t on a firm spring HRS wheat in Minneapolis.

• 0.28 $/ton to of 157.17 $/t for solid winter HRW wheat in Kansas city

Increased by 0.55 $/t to 189,87 $/ton SRW soft winter-wheat in Chicago.