The wheat market is dominated by bearish factors
on Thursday, stock exchanges in the United States was not working due to the celebration of Thanksgiving.
On the European markets weighed on prices strengthening of the Euro.
- December futures milling wheat on the Paris MATIF fell by 0.5 €/t to 158,25 €/t (187,43 $/t).
Wheat market remains under the influence of the growth forecasts of the world production of wheat and corn.
Experts CIG increased the forecast for global corn production to 2017/18 MG for 6 million tons to 1.04 billion tons, primarily due to the growth of gross collection in the United States. The forecast of world wheat production increased 1 million tons to 749 million tons.
According to the official forecast of the Ministry of agriculture of Argentina, in the 2017/18 season the country harvested 18 million tons of wheat. In the November report USDA this figure is estimated at 17.5 million tonnes, 0.9 million tonnes lower than in the 2016/17 season.
In Russia, with 99.1% of obmolocheno space has collected 88 million tons of wheat with a yield of 3.22 t/ha. the Pace of wheat exports as of 15.11.17 exceeded last year's by 26% and amounted to 14.7 million tonnes while EU countries in the current season exported only 8,057 million tonnes of soft wheat, which is 20% lower than in the same period of the previous MG.
Increased competition from Russian wheat and restrictions on wheat imports into India put pressure on purchasing prices in Ukraine. As 21.11.17 the volume of grain exports from Ukraine consistent last year and is 15,809 million tonnes including 9.4 million tonnes of wheat.
Despite a slight decline in currency rates in the port, the purchase price due to the strengthening of the hryvnia remain unchanged:
wheat protein 11.5% of 168-172 $/t or 5300-5450 UAH/t,
feed wheat 164 to 166 $/t or 5200-5300 UAH/t
- wheat protein 12,5% 170-175 $/t or 5400-5500 UAH/t,