After the world prices for wheat in Ukraine
Friday After a minor speculative fall in the price of wheat exchanges started the week with growth of quotations. The increase in stock prices last week led to increased demand for Ukrainian and Russian wheat, which is now the most competitive in the world market.
- the December futures for milling wheat on the stock exchange in Paris rose 1.25 €/t up to 203 €/t or 238,25 $/t on the news about the cancellation of the Ministry of agriculture of Russia of 700 thousand hectares of wheat crops.
pressure On prices strengthening of the Euro exchange rate and low export growth. As of September 24, the EU exported 3,795 million tons of wheat, which is 29% lower than in the same period 2017/18 MG and by 43% - increased 2016/17 MG.
the Market for U.S. wheat started the week with growth on the news about possible problems with the harvest in Australia and Russia. Due to speculative purchases of December futures for soft wheat in Chicago rose to a month high.
Weekly wheat exports from the U.S. has met the expectations of traders and made up of 409.5 thousand tons, which is 18.5% lower than in 2017. Total wheat exports in the season 2018/19 amounted to 6,525 million tonnes, which is 29.3% less than was sold on this date a year ago. Traders hope that the rising prices for Russian wheat will accelerate the export of American grain.
the December futures for U.S. wheat has increased:
1.38 $/t to 194,37 $/t for solid winter HRW wheat in Kansas city
0,64 $/t to 214,67 $/t on a firm spring HRS wheat in Minneapolis.
- 1.93 $/t to 193,64 $/t for SRW soft winter-wheat in Chicago
Russia for a week has increased export of wheat by 41% to 597 thousand tons, and experts estimate that by the end of September the total exports of the 2018/19 season will be 13-13. 5 million tonnes from the USDA projected a 25 million tons.
In Ukraine for the shortage of supply the prices of wheat increased by 1-2 $/t. Traders offer in the port for feed wheat 191-192 $/t, food with protein 11.5% in 196-198 $/t