The stock price of wheat grow on weather factors

2020-10-20 12:02:58
Machine translation
The stock price of wheat grow on weather factors

Yesterday, the world price of wheat on the stock exchanges grew on the data about dry weather in key producing countries. However, the acceleration of sowing of winter wheat may lead to increase in acreage and cooling costs.

 

the December wheat futures in Chicago resumed its growth, which began last week and reached the highest since December 2014 due to adverse weather factors.

 

According to the USDA, as of October 18 winter wheat in the United States planted 77% of the acreage, compared with 74% a year ago and 72% on average for 5 years. Shoots were obtained on 51% of crops compared to 50% a year ago and 48% on average for 5 years. 48 agricultural States, the water deficit in the upper soil layer experiencing 56% of the area compared with 53% a week ago and 24% a year ago.

 

wheat Exports from the U.S. last week fell by 53% to a lower than expected level 239,7 thousand tons, but in the whole season amounted to 10,677 million tonnes, which is 6% higher than last year's pace.

 

December futures U.S.:

the

1.56 $/t to 206,86 $/t for solid winter HRW wheat in Kansas city

3.49 $/t to 209,16 $/t on a firm spring HRS wheat in Minneapolis.

  • 0.64 $/t to 230,38 $/t for SRW soft winter-wheat in Chicago

 

After the U.S. yesterday continued to rise and European wheat. Recent precipitation has reduced the dry phenomenon in Eastern Europe, but was detained by the North in the West.

 

the

  • December futures for milling wheat on MATIF rose by 2.75 €/t to 211,75 €/t or 249 $/t

 

In Russia as of October 19, with 28.8 million hectares, or 97,8% of the area harvested 87.2 million tons of wheat with a yield of 3.03 t/ha, and winter crops sown 17.5 million hectares, or 91.5% of the planned areas. Weekend in the southern regions fell 0.2-0.5 mm of rainfall, which will promote germination of wheat, but in the Central regions there was almost no rain.

 

In Ukraine, weather conditions encourage increased planting, growth and development of winter crops, but in Kharkov, Donetsk, Lugansk and Odessa in the South areas remain dry conditions.

 

bid Prices of black sea wheat has grown to 255 $/t FOB, while the bid price has reached 245-250 $/t FOB.

 

the agriculture Ministry has provided the government with plans for the reconstruction of the grain reserve, which will allow for 4 months to meet the demand of local millers and to protect the domestic market from price spikes. It will be an additional factor of pressure on prices of black sea wheat.

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