Stock prices for wheat remain stable
In Friday trading on world wheat exchanges took place under the influence of various market factors.
Under pressure from the strong Euro and a slight increase in grain harvest in the EU of the December futures for milling wheat fell on the Paris stock exchange on 1 €/t to 199.75 €/t or 227,61 $/t
Experts Strategie Grains in comparison with the October report increased the forecast of grain production in the EU in 2018/19 MG of 0.2% to 279,1 million tons, in particular, corn – 600 thousand tons to 60 million tons of hard wheat and 100 thousand tons to 8.5 million t. the evaluation of the soft wheat crop left at 127 million tons.
Traders have not yet responded to lagging behind the pace of sowing winter wheat in France and the worse the condition of crops. Now in good or excellent condition and 82% of the crops, whereas a year ago the figure was 97%.
Friday's us stock market took place under the pressure of speculators.
Export sales of US wheat for the week decreased by 33.7% to 438,2 thousand tons, which is 10.4% lower than the level of the corresponding period of the previous year and does not match the expert expectations.
the Total wheat exports for the week amounted to 263 t
Some supported rates forecast cold weather in the growing regions of winter wheat in Kansas.
the December wheat futures on US exchanges rose:
1.01 $/t to 177,38 $/t for solid winter HRW wheat in Kansas city.
- 0.46 $/t to 186,20 $/t for SRW soft winter-wheat in Chicago
decreased on 1,29 $/t to 209,89 $/t hard spring HRS wheat in Minneapolis.