The results of the Egyptian tender has supported stock prices for wheat

2020-06-11 12:14:32
The results of the Egyptian tender has supported stock prices for wheat

Yesterday, the Egyptian GASC on the second of this season the tender purchased 120 TMT of Russian wheat for delivery in July at a price 227,25 $/t CFR, which is by 6.6 $/t exceeds the purchase price of the auction last week. Participation in the tender only took 4 offers expensive Russian wheat.

 

the Wheat was purchased from the company Posco Daewoo at a price 226,9 $/t (216,9 $/t FOB + freight of $10/t) and Ameropa at the price of 227,59 $/t (217,9 $/t FOB + freight of $10/t).

 

Other proposals were for 3.5 $/t more expensive than those that won.

 

Tunisian ODC today will hold a tender for the purchase of 134 thousand MT of wheat with protein 11.5% and delivery within July 15 – September 25 batches of 25 thousand tons and 17 thousand tons

 

Philippine refiners bought only one of four scheduled batches of feed wheat for August-October at a price 222-225 $/t CFR.

 

the Intensification of tenders for the purchase of wheat supports the stock price, which fell before the publication of the June USDA report.

 

the Market for French wheat after three days of decline increased Wednesday, ignoring the results of an Egyptian tender, which won the Russian wheat, and the pressure of the gradual strengthening of the Euro.

 

the

  • September futures for milling wheat on MATIF rose by 0.5 €/t 185 €/t or 210,66 $/t

 

Trading on the stock exchange in Chicago by speculators ended in the green zone, while prices in Kansas city and Minneapolis continued to decline under pressure of data on the condition of crops and harvesting.

 

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

the

1.75 $/t to 190,88 $/t on a firm spring HRS wheat in Minneapolis.

  • 0.09 $/t to 168,10 $/t for solid winter HRW wheat in Kansas city

Rose 0.64 $/t to 186,01 $/ton SRW soft winter-wheat in Chicago.

 

July futures for black sea wheat in Chicago rose 0.5 $/ton to 206,5 $/t in August – up to 206,5 $/t

 

In Ukraine, prices for food wheat of old crop remain in the port at the level of 200 $/t, while wheat of a new crop rose to 188-190 $/t for deliveries in July. Farmers do not hurry to sell wheat, despite the improved crop prospects after a favorable precipitation.