The fall in wheat prices has stopped
the results of the latest Egyptian tender, where he was purchased by Ukrainian and Russian wheat, several restrain the optimism of the French traders, as their wheat after two recent victories in the tenders on FOB basis was more expensive than black sea competitors.
Experts Strategie Grains increased compared with the October estimate forecast exports of European wheat in 2019/20 Mr from 27.3 to 28.8 million tonnes, 7 million tonnes higher than the July forecast and 40% will exceed an indicator of last season.
- These factors have balanced market, therefore, the December futures for milling wheat on MATIF remained at 177,5 €/t or 195,72 $/t
Unexpected frost in the US retreated, as traders remembered the large volume of proposals of wheat on the world market, which reduces export prospects for U.S. grains. Expectations weekly export sales of US wheat was lowered from 300 to 600 thousand tons to 200-500 thousand t
the December wheat futures in the US fell:
the
0.92 $/t to 155,15 $/t for solid winter HRW wheat in Kansas city
0.92 $/t to 188,40 $/t on a firm spring HRS wheat in Minneapolis.
- 0.46 $/t to 186,56 $/t for SRW soft winter-wheat in Chicago
