Exchange wheat prices continue to decline

2018-10-19 12:06:35
Machine translation
Exchange wheat prices continue to decline

Under pressure from low export demand and a long fall of the stock exchange in Chicago, quotes of French wheat on Thursday has updated a fortnight minimum.


the Fall in prices has limited the anxiety of traders to the possible delay in sowing of wheat due to dry weather conditions and problems with obtaining of the stairs.


  • December futures for milling wheat on the Paris stock exchange fell by 0.75 €/t to 201,25 €/t or 230,60 $/t


On the American stock exchange pressure drop in the neighboring markets of soybeans and corn, as well as the strengthening of the dollar.


For the week, export sales of US wheat increased by 40% to 475 thousand tons, which is 22% lower than in the same period last year.


Experts are expecting USDA to activate the export of us wheat in the second half of the season, and the total exports in 2018/19 MG is estimated at 27.9 million tonnes, 3.38 million tonnes will exceed the level of the previous season.


as a Result of strong competition from black sea grain, as of October 4, contracted for export only 11.6 million tonnes of wheat, which is 18% inferior to the respective period of the season 2017/18.


the December wheat futures on US exchanges declined:

2,30 $/t to 189,13 $/t for solid winter HRW wheat in Kansas city

1.19 $/ton to 214,95 $/t on a firm spring HRS wheat in Minneapolis.

  • 1.65 $/MT to 188,49 $/t for SRW soft winter-wheat in Chicago

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