The Egyptian tender and speculators support the wheat quotations
on Wednesday growth of quotations soft plants in Chicago continued. On the back of further weakening of the U.S. dollar investors are massively entered into the transaction for the purchase.
Significantly revived the market news about the most over the last two years of the tender's purchase Egypt party 420 thousand tons of wheat, despite the fact that U.S. wheat SRW was not included in the list of winners. But the fact of the resumption of Egypt's regular purchases helped to reduce the strain on global grain markets.
Prices of December wheat futures U.S.
- 2.26 $/tonne to 151,20 $/tones of soft wheat SRW in Chicago
- 1.29 $/tonne to 153,22 $/tone for hard wheat HRW in Kansas city
- 0.55 $/tonne to 193,08 $/tone for hard spring wheat HRS in Minneapolis.
At the Paris MATIF wheat rose 0.75 euros/ton to 163,50 Euro/ton or 178,25 $/ton.
Prices for Ukrainian wheat continue to be strengthened at all bases, but the main demand is felt in the ports, where traders raise prices in order to attract additional volumes.
Today, the price on the basis of CPT-port are:
feed wheat 145-148 $/ton or 4500-4600 UAH/ton.
- wheat 2 CL 155-156 $/ton or 4650-4700 UAH/ton,
- wheat 3 CL 152-154 $/ton or 4600-4670 UAH/ton,