Stock prices for wheat continue to grow
After the fall on Thursday, the wheat market on the eve of the three-day weekend in the US on Friday continued to grow and partially offset the week's losses. The physical market reacted to volatile week repositioning and higher prices.
Tunisia to tender 17 Jan purchased 125 thousand tons of hard wheat for delivery in February-April at a price 331,61 $/t and 100 thousand tons of soft wheat for delivery in February-March at a price 246,88 $/t CFR by 13.48 $/t and by 10.57 $/t respectively exceeds the price of the previous trading 13 Dec 2019
the Government of Pakistan after the second in recent weeks, the jump in wheat flour prices has decided in 2020 to import 300 thousand tons plants and implement 100 thousand tons of wheat out of stocks Pakistani slipspace storage and services (PASSCO). The last time a large amount of wheat the country imported in 2014/15.
European traders raise prices amid strong export demand. Although a port strike in France, the port of Rouen 2 weeks shipped 310 thousand MT of wheat, of which 91,5 thousand tons to Morocco and 90.1 thousand tons to Algeria.
the
- March futures for milling wheat on MATIF rose by €1/t to 194 €/t or 215,05 $/t
In the USA at the end of a productive week and export tenders in Egypt, Turkey, Tunisia and Jordan, the speculators continued to heat up wheat prices before the long weekend, because on Monday, the country celebrates the day of memory of Martin Luther king.
March wheat futures in the U.S.:
the
3.49 $/t to 181,60 $/t for solid winter HRW wheat in Kansas city
by 3.58 $/t to 205,76 $/t on a firm spring HRS wheat in Minneapolis.
- 1.93 $/t to 209,62 $/t for SRW soft winter-wheat in Chicago
Futures for black sea wheat grew by $1/t and 100 lots for July was contracted for 207 $/t. to compensate for the loss Thursday on Euronext increased premiums and the volume of proposals in Germany, France, Romania and Poland, however, they have not changed in the Baltic States.
