The collapse of wheat prices by 4-6% expands market

Arranged by traders Friday sale wheat contracts led to the collapse of wheat prices by 4-6% following the collapse of the markets in corn and soybean due to better weather in Argentina. In addition, in South China's Guangdong province recorded a new outbreak of ASF, which is in 2018, the country has killed millions of pigs.

Grain Agency TMO Turkey amid falling prices refused to buy the tender a large consignment of wheat at a high price and purchased only 95 thousand tons of pre-contracted 400 thousand tons chervonoarmyska milling wheat with protein of 12.5% optional origin shipment 29 January to 26 February at the price of 301,9-303,9 $/t C&F for Russian wheat equivalent 285-290 $/t FOB.

the

• the March futures for milling wheat on MATIF fell by 4% or 8.5 €/t to 223,25 €/t or 271,79 $/t, having lost growth in the last 10 days.

Prices are not supported even by the results of the tender in Tunisia, where the grain Agency ODC 22 Jan acquired a 92 thousand tons of soft European wheat 15 Feb – 25 March price 314,98 -321,68 $/t C&F and 92 thousand MT of hard wheat for delivery 15 Feb – 15 Mar price 387,29-388,67 $/t C&F.

the March wheat futures in Chicago showed the greatest 12-Aug 2019 daily decline. After you have made 15 Jan multi-year high, investors lock in profits and hold speculative sales.

the Increase in export sales of US wheat for the week by 49% to 329,7 thousand tons is not supported by the market, as proved below expert expectations. Actual exports for the week fell by 35.6% to 264 thousand tons, and the whole season amounted to 15 million tonnes, which is 3% below the corresponding previous year.

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

the

by 8.27 $/t to 225,33 $/t for solid winter HRW wheat in Kansas city

by 8.36 $/t to 225,05 $/t on a firm spring HRS wheat in Minneapolis.

• by 9.65 $/t to 233,13 $/t for SRW soft winter-wheat in Chicago

the March futures for black sea wheat on the Chicago stock exchange on Friday fell by 1% to 291 $/ton, and the July – 2.2% to 246 $/t

In Russia, on the physical market price of wheat protein and 12.5% dropped to 295-298 $/t FOB, but the demand price is much lower, since the price proposals of the European wheat trade due to the depreciation of the Euro fell to 283-293 $/t FOB.

Ukraine exported during the week 185 thousand MT of wheat, and in General in 2020/21 MG 12.8 million tons, which is 17% below the corresponding period last year. Purchasing prices continue to fall, and their fall will accelerate under the pressure of declining world prices.