Status in wheat crops in France stopped speculative growth stock quotes

2021-04-19 12:08:30
Machine translation
Status in wheat crops in France stopped speculative growth stock quotes

Speculative growth in the price of wheat on world markets, which was observed last week, on Friday stopped, as traders began to record profits on the news about no significant damage to winter crops and spring crops in the recent frost in France.

 

According to the Agency FranceAgriMer, as of April 14 in France in good or excellent condition was 86% of crops wheat (87% a week ago and 62% a year ago) and 80% of crops of durum wheat (81% a week ago, and 63% a year ago).

 

  • the May futures for milling wheat on MATIF fell by 1.75 €/t to 217,75 €/t or 260,85 $/t, while the September rose by 0.25 €/t to 206,75 €/t or 247 $/t and gradually approaching the level of prices for old crop.

 

the price of wheat in Chicago on Friday fell as traders began to record profits after a preliminary three-day growth. And on the stock exchanges in Kansas city and Minneapolis wheat rose in price, with the support of weather factors. Today's USDA report on the condition of crops in the US will determine the future price trend.

 

the May futures rose:

  • 0.55 $/t to 223,86 $/t for solid winter HRW wheat in Kansas city,
  • 0.37 $/t to 244,07 $/t on a firm spring HRS wheat in Minneapolis.

at the same Time dropped by 0.46 $/t to 239,75 $/t for SRW soft winter-wheat in Chicago.

 

the July futures black sea wheat on Friday rose by 0.4% to 246 $/t

 

Purchase of Indonesian brosnahan party 120 thousand tons of black sea wheat old crop with delivery in June at a price 285-290 $/t C&F was surprised to see the market as Australia in recent years significantly increased deliveries to the region. However, the bid prices of Australian wheat premium for the week increased by 15-20 $/t to 300 $/t C&F.

 

Prices for black sea wheat old crop on the background of increased demand and low demand remain at 250-255 $/t FOB, while the prices for the new crop increased to 235-240 $/MT FOB due to the delay of sowing of spring wheat in Russia.

 

Ukraine for a week increased the export of wheat three times, up to 230 thousand tons, and from the beginning of the season exported to 14.7 million tonnes from the estimated 17.5 million tons of wheat.

Visitors’ comments (0):