Despite the intraday stock prices of wheat stable

2019-01-10 12:06:47
Machine translation
Despite the intraday stock prices of wheat stable

Yesterday importing countries purchased in tenders of more than 1 million tons of wheat, but this information was not the impetus for rising prices.

 

the purchase Prices mostly are higher than in previous tenders. Special attention was paid to traders trading in Egypt and Algeria.

 

Egyptian GASC bought 415 thousand tons of Russian wheat at a price of 265 $/t CFR, which is only 1 $/t higher than the purchase price at the previous auction.

 

Algeria bought 550 tons of Argentine, French and American wheat at the price the 261.8 $/t CFR, 9.5 $/t higher than the price held in late November tender.

 

Tunisia purchased 100 thousand tons of durum wheat at a price 294,73 $/t CFR, which is 4.12 $/t above the price of the auction, held three weeks ago.

 

Taiwan bought 111,65 tonnes of us wheat at a price of $4 per ton lower than at the previous tender. Prices for wheat with high protein content are reduced, while wheat of lower quality is expensive.

 

Jordan canceled tender for purchase of 120 thousand tons of wheat.

 

this week will be held several procurement tenders.

 

the victory of the us wheat at tender in Algeria, which the French usually buys the grain, warmed up exchange. Quotes supported a dramatic weakening of the dollar.

 

March wheat futures rose:

of $0.18/t to 185,74 $/t for solid winter HRW wheat in Kansas city

1.19 $/ton to 209,62 $/t on a firm spring HRS wheat in Minneapolis.

  • 0.83 $/t to 191,06 $/t for SRW soft winter-wheat in Chicago

 

European traders upset the results of the tender in Algeria, which is a traditional buyer of French wheat, but yesterday got a shipment of wheat from competitors.

 

quotations of wheat on Euronext fell by 0.4%.

 

the Strengthening of the Euro to the highest level since October 1,155 reduces the competitiveness of European wheat.