The stock price of wheat ended the week almost unchanged

2019-03-25 12:01:03
Machine translation
The stock price of wheat ended the week almost unchanged

during the past weeks the stock price of wheat in the US and the EU hardly changed, as the decrease in demand from importers was offset by difficult weather conditions in the United States.

 

More active compared to last year, sowing of spring crops in the EU, Ukraine and Russia, as well as improved weather in the U.S. will put pressure on prices of the new harvest. As of March 21, Ukraine planted spring grains and leguminous crops 723,5 thousand hectares, or 32% of the planned Russia – 500,1 thousand ha or 1.7% of the plan compared 149,9 thousand hectares in 2018.

 

Quotes French wheat finished the week with a slight growth in support of the market of soft wheat in Chicago and the weakening of the Euro.

 

  • the May futures for milling wheat on MATIF rose by 0.5 €/t to 189,5 €/t or 214,19 $/t

 

After the may futures soft wheat in Chicago on Friday rose to the highest level in almost 4 weeks, speculators have started to fix profit. Prices were supported by the purchase of the Taiwan 110 thousand tons of wheat in the United States, however, the stronger dollar puts pressure on quotations.

 

May futures in the U.S. fell:

0.74 $/t to 163,51 $/t for solid winter HRW wheat in Kansas city.

  • of $0.18/t to 171,22 $/t for SRW soft winter-wheat in Chicago

Rose by 0,37 $/t to 210,26 $/t hard spring HRS wheat in Minneapolis.

 

the price of wheat of the new crop are influenced by the outcomes of latest tenders

 

South Korean feed manufacturer Nonghyup Feed Inc (optional origin) on Friday purchased the tender of 60 thousand tons of feed wheat delivered to 25 September at a price 214,2 $/t and Major Feedmill Group (MFG) bought 65 thousand tons of feed wheat delivered to 5 October at a price of 212,99 $/t