IGC increased the forecast of world wheat trade in 2019/20 Mr

In the January report, the experts of the IGC has slightly changed in comparison with calculations Nov figures of the forecast balance for wheat in 2019/20 Mr.

So, regarding the previous report:

the

the assessment of trade increased by 1.16% to 175 million tonnes, which is 3.6% over 2018/19 Mr,

forecast consumption reduced by 0.26% to 754 million tonnes, which exceeds the level 2018/19 MG 2.2%

the estimate for ending stocks has increased by 0.37% to 272 million tonnes, which is 2.6% higher than the previous season.

• the forecast of world wheat production has decreased by 0.13% to 761 million tons, which is 3.8% higher than the figure recorded 2018/19 Mr,

For Russia, the estimate of wheat production is reduced 1 million tons to 73.5 million tons and consumption is forecast at 0.3 million tonnes to 40.2 million tonnes, primarily due to forage consumption. The forecast of wheat exports were left unchanged at 34.2 million tons, while the estimate for ending stocks are reduced 0.6 million tons to 9.4 million tons.

After a speculative adjustment to the environment yesterday, traders in the United States again drew attention to the increased export demand, the reduction of wheat production in Australia, the possible introduction by Russia of quotas on exports and the threat of cancellation of export contracts due to the strike in France.

March wheat futures in the U.S.:

the

0.09 $/t to 204,20 $/t on a firm spring HRS wheat in Minneapolis.

• 1.01 $/t to 213,29 $/t for SRW soft winter-wheat in Chicago

has Fallen in price on 0,09 $/t to 180,87 $/MT of hard winter HRW wheat in Kansas city.