Even the results of tenders for the purchase of wheat was not able to support prices

2020-12-17 12:15:03
Machine translation
Even the results of tenders for the purchase of wheat was not able to support prices

Wheat markets after the introduction of export duties and quotas on Russian wheat moving in all directions. Stock prices fall after a sharp rise earlier in the week, and bid prices on the physical markets are growing, although the results of the tenders indicate the willingness of sellers to sell their wheat at the prices of November.

 

Grain Agency of Tunisia (ODC) acquired at the tender of 16 December on terms of shipment 15 Jan – 5 Feb, depending on country of manufacture:

the

100 THD. MT soft milling wheat with protein 11.5%, the average price 281,94 $/t C&F

100 thousand tons of feed barley.

  • 100 THD. MT of hard milling wheat at an average price of 374 $/t C&F

 

Association of manufacturers of animal feed Thailand (TFMA) at the tender of 16 December acquired 77 thousand MT of Australian feed wheat at a price 279-280 $/t C&F for delivery in February 2021, indicating that the restoration of supply in the traditional regions and the displacement of one of the black sea wheat.

 

Ministry of food and emergency Bangladesh has cancelled the previously announced tender to purchase 50 thousand tons of soft milling wheat. Recall that India has increased the supply of wheat in Bangladesh against the background of large government stocks.

 

Wheat in Chicago during the session traded in green zone on expectations of volatility in the global markets due to the imposition of export duties on Russian wheat, but at the end of trading speculators turned the market down.

 

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

the

1.65 $/t to 206,31 $/t for solid winter HRW wheat in Kansas city

0.28 $/t to 205,30 $/t on a firm spring HRS wheat in Minneapolis.

  • 0.46 $/t to 219,91 $/t for SRW soft winter-wheat in Chicago

 

French wheat yesterday fell more than the us as traders chose to play on the slide in a situation when it is not clear how the export duty for Russian wheat will affect world trade.

 

the

  • the March futures for milling wheat on MATIF fell by 1.5 €/t to 205,75 €/t or 251,06 $/t

 

January futures for black sea wheat in Chicago rose 0.4 percent to 263 $/t in March – by 0.2% to 263 $/t

 

bid Prices of Russian wheat remained at the level of 250-255 $/t FOB for shipments in December and January.

 

In Ukraine, after winning the tender in Egypt purchase prices of wheat rose in port before 240-243 $/t or 8000-8100 UAH/t as farmers do not plan to sell wheat early spring, and now sell mostly corn and sunflower.

 

Export sales of new crop wheat in Argentina remains low. Since the beginning of the season of applications for export of wheat only served 5.1 million tons compared to 11.6 million tons, as producers are holding back sales in expectation of further price growth.

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