Wheat quotes on world stock exchanges started the week with an increase of 3%

Speculative price increases continue in the wheat market due to weather factors and a possible reduction in supply. Most of all, prices are supported by the containment of sales by producers and the results of recent tenders, which showed the willingness of importers to buy wheat at a high price.

Yesterday, wheat prices on world stock exchanges rose by 2.8-3.2%, and the leader in price growth was winter wheat in Kansas and wheat in the EU, which was supported by the depreciation of the euro to 1 1,124/€.

In Australia, rain delays wheat harvesting and can reduce the quality and volume of the crop. In Canada, some export terminals were flooded with floods, which stopped shipments and increased the impact on prices.

In Russia, prices on the physical market are rising due to uncertainty about how much exports will be restricted from the beginning of 2022. However, recent precipitation has improved the condition of winter crops, which has reduced concerns about the fate of the future crop.

• December Black Sea wheat futures at Chicago SWOT rose вчора 1.75/ton to 3 351.25/ton yesterday, although they reached a record листопада 354/ton on November 11.

Rising prices for American and European wheat improve the competitiveness of Black Sea wheat, whose prices are currently the best.

• December wheat futures on Paris ' Euronext rose 9.25 €/ton yesterday to a record 309 €/ton or 3 347.28/ton amid a depreciation of the euro and a rise in the price of Russian wheat.

Wheat exchanges in the United States yesterday traded under the influence of the report of the Ministry of Agriculture, according to which only 177.8 thousand tons of wheat were shipped from November 11 to 18, which is half as much as in the previous week. Since the beginning of the season, 10.487 million tons of wheat have been exported, which is 18% lower than last year's pace.

According to the NASS USDA, 96% of the planned areas are sown with winter wheat in the United States, and 86% of the areas are sprouted, compared with 97% and 87%, respectively, on average over 5 years. The number of crops in good or excellent condition for the week decreased by 2% to 44%, although last year it was 43%.

December US futures rose:

• by 2.76% or 8 8.36 / ton to Чикаго 310.8 / ton for soft winter SRW wheat in Chicago,
• by 3.2% or 9 9.9 / ton to H 316.6 / ton for hard winter HRW wheat in Kansas City,
• by 1.3% or 4 4.87/ton to.376.1/ton for durum spring hrs wheat in Minneapolis.

In physical markets, prices for Black Sea Food wheat rose to 3 335-345/ton FOB, followed by European wheat prices rose to.340/ton FOB.

In Australia, prices for food wheat rose to 3 340-360/ton FOB, although feed wheat remains at.320/ton FOB. In Argentina, offer prices for wheat with 11.5% protein remain at F 310-320/ton FOB up River.

4 offers of wheat at prices of 4 410-432/ton CFR were submitted to the DGF tender in Bangladesh, the cheapest of which was Indian wheat with a price of F 320/ton FOB.

The market expects new tenders that will confirm the readiness of importers to buy wheat at high prices in the current season.