The wheat exchanges is speculative price adjustment

2020-04-22 12:04:35
The wheat exchanges is speculative price adjustment

the Increase in wheat prices has slowed, as buyers refuse to buy an expensive grain, and the projected precipitation calm the market.


the May wheat futures in Paris for three days increased by 9 €/t for the concern of the influence of arid conditions in the EU and Russia on the fate of the future harvest. Under forecasts of weather forecasters, within the next 7 days in Northern Europe rain is not expected and the level of soil moisture will remain below normal, while in the southern regions of the EU will be held rain or showers. In Russia and Ukraine in the end of the week will be little precipitation,which will slightly improve the condition of the crops.



  • the May futures for milling wheat on MATIF remained at the level of 203,75 €/t or 221,15 $/t


the European Commission has reduced compared to last year's forecasts of wheat production in EU 2020/21 MG to 126,1 130,9 million tons, corn – from 70 to 69.3 million tons, barley – from 55.1 to 54.3 million tons.


Importers are refusing to buy expensive wheat, hoping for lower prices.


Ethiopia is the second time she suffered from two international tender for purchase of 600 thousand tons of milling wheat because of too high prices.


Jordan, like a week ago canceled a scheduled on 20 April, the tender for purchase of 120 thousand tons of milling wheat for October-November, since he had received only one application for participation in it.


Futures contracts on soft wheat in Chicago after the jump on Monday, yesterday began to fall in price as investors decided to take profits on the fall of the neighboring corn market, where may futures has fallen to a 10-year low after the energy markets and under pressure from the decline in demand for bioethanol.


durum wheat in Kansas city is more expensive to the news about the deteriorating condition of the winter wheat crops.


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


1.47 $/t to 187,66 $/t on a firm spring HRS wheat in Minneapolis.

  • 0.74 $/t to 200,89 $/t for SRW soft winter-wheat in Chicago

Increased by 0.55 $/t to 182,52 $/MT of hard winter HRW wheat in Kansas city.


the Rise in stock prices supported the price for black sea wheat, which is more expensive in the background of containment sales manufacturers who are concerned about the fate of the future harvest, and after almost bicerano quota on grain exports from Russia (left 3.7 s 7 million tons).


Prices for may deliveries of Russian wheat protein 12,5% increased to 232-233 $/t FOB. Prices of new crop wheat have increased even more – by 3-5 $/t to 202-205 $/t FOB, while the bid price remain at a level of 195 $/MT FOB.


In Ukraine, traders are actively buying wheat to close contracts. Most international companies completes to buy wheat from 1 to 5 may because of the risk of introduction of export restrictions is growing due to prolonged drought, and the situation is already moving to the political plane.


the Purchase prices for Ukrainian milling wheat at the port dropped to 3-4 $/t to 200-206 $/t or 6600-6650 UAH/t due to the decrease in the number of companies that need wheat.

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