Speculative growth in wheat prices in the physical markets is reflected in stock quotes

rapid rise in price of black sea wheat on the physical market in recent weeks, the world capital markets have been relatively calm, but yesterday there was a rapid growth of prices after neighbouring markets of soybeans and corn.

the Fundamental factors supporting wheat prices are still lacking, but the tension in the market causes curb sales amid rising demand.

the Lack of precipitation in the black sea region, delaying planting of winter wheat, which in the future may increase pressure on prices, although in the United States and the EU a sufficient quantity of opals provided the necessary moisture of the soil.

In Argentina due to precipitation, although slight, wheat crops are developing normally. According to traders selling wheat of the new harvest amounted to 3.4 million tons compared to 4.1 million tons.

In Russia as of 17 September from 90.5% of the area harvested 82.8 million tons of wheat.

Wheat exchange in the US that the whole day trading in the red zone, yesterday ended a turbulent speculative growth. Investors saw the support in the strengthening of world prices and increased export demand, although directly on U.S. wheat demand is insignificant.

Export sales of wheat from the U.S. for the week decreased by 30% to 335,7 thousand tons and since the beginning of the season amounted to 13.1 million tonnes, which is 6.8% ahead of the pace last year.

the Actual export of wheat from the U.S. for the week decreased by 22% to 564 thousand tons, and from the beginning of the season was 7.6 million tonnes, 4% more than in the corresponding period 2019

December futures U.S.:

the

by 4.59 $/t to 179,12 $/t for solid winter HRW wheat in Kansas city

by 3.67 $/ton to 198,96 $/t on a firm spring HRS wheat in Minneapolis.

• by 5.24 $/t to month high 204,38 $/t for SRW soft winter-wheat in Chicago

yesterday the European traders ignored the Algerian news and almost halved the forecast of wheat exports from France in 2020/21 MG and drew attention to stronger demand from Asia and North Africa, as well as the global trend of rising prices.

Weekly wheat exports from France amounted to only 32 thousand tons, so traders expect the outcome of the tender in Tunisia, which is the second after Algeria major exporter of French wheat.

the

• December futures milling wheat on MATIF rose by 3,75 €/t to 191,75 €/t or 227,15 $/t