Precipitation in the EU dampened the stock price of the wheat

2018-10-31 12:05:54
Machine translation
Precipitation in the EU dampened the stock price of the wheat

on Tuesday, the world prices of wheat declined under the pressure of falling prices in the soybean complex, the strengthening of the dollar and due to precipitation that fell in the regions of winter wheat production.

 

In the regions of France that were suffering from a drought, the rain passed, will improve the condition of winter crops.

 

For the week, the EU exported only 107,6 thousand tons of wheat, which is much lower than the level of the corresponding period last year of 193.6 thousand tons the Total export volume of wheat in the current season of 24% behind of last year, and is only 5.2 million tons, while wheat imports increased by 41% to 1.5 million tons.

 

  • the December futures for milling wheat on the Paris stock exchange fell by 1.75 €/t to 198,75 €/t or 225,51 $/t

 

the Strengthening of the dollar to 16-month high stop the growth of prices for wheat in Chicago and negated the chances of revival of exports. Pressure on prices for the increase in wheat exports from Russia on the background of a very sluggish exports of U.S. wheat.

 

Within weeks, the U.S. exported only 393 thousand tons of wheat, which corresponds to the level of the previous week.

 

the December wheat futures on US exchanges declined:

2.48 $/t to 181,79 $/t for solid winter HRW wheat in Kansas city

to 2.20 $/t to 209,99 $/t on a firm spring HRS wheat in Minneapolis.

  • by 2.76 $/t to 183,62 $/t for SRW soft winter-wheat in Chicago