Demand for U.S. wheat decreased and in Ukraine is still high
Results of weekly export sales of us wheat for October 27 was the worst since the beginning of the season and barely reached the lower border of the analysts were 350-750 thousand tons.
However, the advantage of the total sales before last season, all well grown, and is now at 27.4 per cent.
the Speculative growth of quotations of American wheat reduced consumer demand, which shifted to black sea grain.
FAS USDA reduced the forecast of exports of canadian wheat in the current season to 21 million tons that will be the lowest rate of the last four years and 5% off of last season.
In France there is still a contrast between poor exports caused by the Gentile harvest, and stable domestic demand from processors, particularly for wheat with a minimum specific gravity equal to 740.
the World price for wheat :
- soft wheat SRW in Chicago dropped to 150,92 $/ton
- on the exchange MATIF wheat quotations fell to 162,25 € /t or 180,08 $/ton.
On the basis of an SRT port Ukrainian food wheat increased in price :
- 2 to CL 160-161 $/ton or 4750-4800 UAH/ton,
- to the 3 cells 156-159 $/ton or 4650-4700 UAH/ton,
feed Wheat remains at 145-149 $/ton or 4350-4550 UAH/ton.