The demand and precipitation in Russia put pressure on the stock price of the wheat

2020-10-28 12:01:55
Machine translation
The demand and precipitation in Russia put pressure on the stock price of the wheat

Precipitation, which will be held in the regions of winter wheat production in Russia within 3-5 days upon background temperature 10-15o, will contribute to the sprouting and development of winter wheat, which is sown is 95.4% of the area.

 

In the wheat belt of the United States, particularly in the most arid States of Kansas and Iowa also have passed rains, a reduction in export pressure on prices, which reached multi-year highs and would have already reduced estimated traders. Better weather overcame a factor of an unsatisfactory condition of the winter wheat crop in the United States.

 

December futures in the U.S. fell:

the

1.01 $/t to 201,81 $/t for solid winter HRW wheat in Kansas city

1.29 $/t to 206,31 $/t on a firm spring HRS wheat in Minneapolis.

  • 1.56 $/t to 226,25 $/t for SRW soft winter-wheat in Chicago

 

the Market for French wheat, despite the depreciation of the Euro falls after the US exchanges.

 

the slow pace of European wheat exports indicate problems with the implementation of expensive grain, especially on the backdrop of improved conditions for harvest 2021,so to enhance sales in the second half of the season we now need to lower the price. Monday French wheat fell by 4 €/t

 

the

  • December futures for milling wheat on MATIF fell yesterday by 1.5 €/t to 205,75 €/t or 242,38 $/t

 

the EU for two weeks exported only 398,5 thousand tons of wheat, and from the beginning of the season and 6.4 million tonnes projected by the USDA at 25.5 million tonnes, which is 30% inferior to the corresponding period last year. The share of Latvia and Lithuania in the European exports of wheat is 33.8% and France 28%.

 

the world's Largest demand for wheat are concentrated in Asia, but after a sharp rise in price of black sea wheat Thailand, the Philippines and Indonesia will prefer the grain from Australia, where as you approach cleaning prices gradually fall.

 

Prices for black sea wheat remain at 255-260 $/t FOB. The major buyers are Egypt and Turkey, which on the background of decreasing domestic demand not in a hurry to raise prices. Due to the depreciation of the Euro, European prices of wheat fell to 245-248 $/t FOB.

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