Thanksgiving calmed wheat exchange in the United States
on the Eve of Thanksgiving activity in wheat markets in the US and Europe were low. News which could affect quotations, was not, therefore, speculators failed to shake prices.
the Main factor of pressure on prices of U.S. wheat remains low export demand.
while Traders did not consider this information with a slow pace of sowing winter wheat in the US, that has reduced the quality of crops, and the information that the planned area will not be able to sow until the end because of the rain.
the December wheat futures on US exchanges declined:
the
1.47 $/t to 172,32 $/t for solid winter HRW wheat in Kansas city.
- 0.74 $/ton to of 183.25 $/t for SRW soft winter-wheat in Chicago
However, rose by 0.83 $/t to 210,17 $/t hard spring HRS wheat in Minneapolis.
Announced today on the Egypt tender for the purchase of wheat will be an additional factor of pressure on prices as customers in the majority have already acquired the necessary quantities of grain, so will be buying in the future only if the price declines.
the
- Futures on milling wheat in Paris yesterday rose 0.5 €/t to 199,25 €/t or 226,99 $/t
After the collapse of the quotes for the second consecutive day rising thanks to speculators, despite the lack of reasons for price changes. Today the attention will be on the Egyptian tender, the loss of European wheat which will lead to the further decrease in quotations.
the bid Price on the Ukrainian and Russian wheat protein 12,5% remain at 222-225$/t FOB.
However, the purchasing prices on the domestic market increased slightly due to the reduction in the number of proposals.
