IGC has lowered the forecast production and ending stocks for wheat

In its October report, the IGC experts have reduced the forecast of world wheat production in 2019/20 Mr and end stocks that will not be a record, and will remain at the level 2017/18 MG.

compared to forecast Sep

the assessment of trade increased by 0.58% to 173 million tons, which is 2.4% higher than the figure recorded 2018/19 Mr,

forecast consumption decreased by 0.13% to 756 million tonnes, which is 2.3% higher than the figure recorded 2018/19 Mr,

the estimate for ending stocks was reduced by 0.37% to 271 million tons, which is 2.3% higher than the figure recorded 2018/19 Mr.

• forecast of production decreased by 0.26% to 762 million tons, which is 4% higher than the figure recorded 2018/19 Mr,

because of the drought in Australia, the forecast of wheat production in the country decreased from 19.1 million tons in September to 17 million tons, which will yield 17.3 million tons last season.

the Decline in world production and ending stocks of wheat did not affect yesterday's trading, as data on exports indicate a low demand for wheat.

wheat Exports from the U.S. for the week decreased by 34% to its lowest June level 262,4 kt, which surprised traders who had expected to enhance sales in particular, and American wheat.

Taiwan FMA purchased at 88.9 thousand tons U.S. HRS, HRW and SWW wheat at an average price of 297,94 $/t CFR, which is 5.4 $/t higher than the price of the previous trading session.

the December wheat futures in the U.S. fell:

1.38 $/t to 154,14 $/t for solid winter HRW wheat in Kansas city

0.83 $/t to 198,41 $/t on a firm spring HRS wheat in Minneapolis.

• 1.75 $/t to 189,59 $/t for SRW soft winter-wheat in Chicago

amid a disastrous export exchange in Chicago turned down and pulled a Paris Playground. However, France can boast of an active export, although the victory in Algeria would have to revive him because it was the last tender, which were not aggressive Argentine wheat, which will hit the market on 1 December. The export of French wheat from the port of Rouen last week was only 9 kt

• the December futures for milling wheat on MATIF fell by €1/t to €180/t or 199,86 $/t