Exchange wheat prices are falling, however physical market is stable

2018-11-15 12:08:28
Machine translation
Exchange wheat prices are falling, however physical market is stable

Yesterday in trading on the stock exchanges of the USA and the EU was influenced by the fall in oil prices and promotions, and a gradual strengthening of the Euro.

 

Market European wheat falls a second day under pressure from the Euro, which has grown from 1,131 1,1218 up to $/€ for two days after the application is approved by Brexit. The strengthening of the Euro worsens the export prospects for European wheat.

 

the Agency FranceAgriMer lowered the previous forecast of exports of French wheat in the EU by 1.4% to 7.82 million tonnes, although left the forecast of exports to foreign markets in the range of 8.75 million tons.

 

Spain this season, doubled wheat production, therefore, reduced import requirements.

 

  • December futures for milling wheat fell on the Paris stock exchange at 0,75 €/t to 201 €/t or 227,60 $/t

 

the Market U.S. wheat is reduced and the small demand and under pressure from the increase to 54% of the number of crops in good or excellent condition.

 

the December wheat futures on US exchanges fell:

2.02 $/t to 176,73 $/t for solid winter HRW wheat in Kansas city

0.83 $/t to 211,64 $/t on a firm spring HRS wheat in Minneapolis.

  • 1.75 $/t to 184,82 $/t for SRW soft winter-wheat in Chicago

 

wheat Prices in Ukraine and Russia remain at the level:

protein 11,5% - 220-222 $/t FOB,

forage - 211-213 $/t FOB.

  • protein 12,5% - 225-226 $/t FOB,

 

Rates supports a decrease in stocks of wheat from Russian producers. As of 1 November they were estimated at 16.5 million tons, which is 11.1% lower than in the previous month and 24.8% lower than the level on November 1, 2017 the Decline in the level of wheat stocks, compared with the previous Mr lasts three months. In regions that are actively exporting wheat (Central and Central-Chernozem regions, the Volga region, North Caucasus), inventory significantly less than last year, and only in the Altai region recorded their growth.