Speculators have deployed exchange wheat prices up

2020-11-16 12:12:32
Machine translation
Speculators have deployed exchange wheat prices up

After a two-day decline in wheat prices on the stock exchanges of the USA and the EU on Friday showed speculative adjustments, although the fundamentals in the form of increased sentences and a reduction in exports and lower prices for Australian wheat, as well as precipitation forecasts in Russia are increasing pressure on the market.

 

Export sales of wheat from the United States amounted to 300.5 thousand tons, which is the worst figure of the season, while being consistent with the expert expectations 200-700 thousand Since the beginning of the season export sales amounted to 17 million tons, which is 12.3% higher than the previous season.

 

the Actual exports of US wheat over the week grew by 11% to 354,9 thousand tons, and the whole season amounted to 11.3 million tonnes, 1% more than last year. In the event of a further slowdown in export sales, traders are unlikely to export a projected 26.5 million tons of wheat.

 

Quotes supports the growth of neighboring corn market.

 

December futures U.S.:

the

by 2.94 $/t to 202,82 $/t for solid winter HRW wheat in Kansas city

2.11 $/t to 203,83 $/t on a firm spring HRS wheat in Minneapolis.

  • 1.93 $/t to 218,07 $/t for SRW soft winter-wheat in Chicago

 

French wheat after a sharp fall ended the week with growth against the background of increased export demand. Traders believe that a large part acquired by Algeria for the tender wheat would have a French origin, but also part of the winners will include wheat from Germany and Poland.

 

Winter wheat sown in France, 88% of the planned area, which corresponds to the average level. Exports of wheat from France since the beginning of the season reached 2.2 million tonnes, which is 30 per cent behind last year's pace and 17% - average 3-annual rate.

 

the

  • December futures for milling wheat on MATIF rose by 0.5 €/t 210 €/t or 248,51 $/t

 

In Russia as of November 13, with 99.8% of the area harvested 87.9 million tonnes of wheat and winter sown 99.7% of planned areas. The rains, which continue in the present, reduce anxiety about the state of winter crops.

 

wheat Exports from Russia for the week increased by 28% to 1.2 million tonnes, and since the beginning of the season amounted to 19.5 million tonnes, which is 14% higher than last year's pace. The country needs to export another 20 million tons from the estimated 39.5 million tons.

 

Ukraine per week reduced the export of wheat by 46% to 312 thousand tons, and just season exported 11.2 million tons, which is 9% less than the previous year.

 

Canada for the week increased exports of wheat by 19% to 477 thousand tons, and just season exported 5.7 million tons, which is 24% higher than the previous season.

Visitors’ comments (0):