On the eve of the publication of USDA report, wheat prices are falling

2019-06-10 12:10:56
Machine translation
On the eve of the publication of USDA report, wheat prices are falling

on Friday, the stock price of wheat fell amid uncertainty with the crop forecasts for the major producing countries and the expectation of a new balance from USDA, which will be released on Tuesday.

 

the next 5 days, precipitation in the regions of cultivation of wheat in the United States will stop but then come back again.

 

little precipitation in Canada and Australia reduced the dry effects and improved the condition of crops.

 

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

the

at 2.30 $/t to 164,98 $/t for solid winter HRW wheat in Kansas city

  • 2.02 $/t to 185,37 $/t for SRW soft winter-wheat in Chicago

Only went up by 1.38 $/t to 208,98 $/t hard spring HRS wheat in Minneapolis.

 

Spanish Association of traders ACCOE through dry weather in autumn and spring reduced the production forecast for wheat by 23% to 4.47 million tonnes and solid – by 40.1% to 850 thousand tonnes

 

Good condition of crops in France puts pressure on stock prices. According to Franceagrimer, a week the number of winter wheat crops are in good to very good condition, has increased to 80%.

 

the

  • the September wheat futures fell 0.5 €/t to 179 €/t or 202,8 $/t

 

In Russia, dry weather in major growing regions of wheat, which will last another two weeks, continues to lower production forecasts.

 

In the black sea region wheat prices falling new crop under the pressure of low demand and good forecasts of gross yield.

 

the bid Prices for wheat with protein of 12.5% for delivery in July-August fell to 195-196 $/t FOB, with protein 11.5 per cent to $185/MT FOB, forage, up to 178-179 $/t FOB.