Global wheat prices remain influenced by export demand

the Main factor supporting the price of wheat on Euronext was another weekly report on exports, according to which for the week the EU exported 268,3 thousand tons of wheat, making the gap between the rate of export of the previous season was reduced from 29% to 23%. As of 9 December, the EU exported 7,303 million tons of soft wheat.

• March futures for milling wheat in Paris rose 0.25 €/t to 204 €/t or 231,88 $/t

U.S. markets rose on Friday on growing export sales, but the actual shipments for the week amounted to only 418,46 thousand tons, which corresponds to the lower boundary of trader expectations, 11.8% lower than in the previous week and 18% - to the level of 2017. Since the beginning of the season, the US exported 11 million tons of wheat, which by 16.24% lower than in the previous MG.

Investors took profit in anticipation of today's report USDA for wheat is likely to be neutral, since the decrease in wheat exports from the U.S. will lead to higher ending stocks of wheat in the 2018/19 season, not only in USA but worldwide.

Russia per week exported 700 thousand tons of wheat, and from the beginning of the season – more than 21 million tons, which is 20% higher compared to the corresponding period of 2017 and increases the pressure on the American stock exchange.

March wheat quotations on the stock exchanges in the U.S. fell:

0,64 $/t to 187,48 $/t for solid winter HRW wheat in Kansas city

at 2.30 $/t to 211,36 $/t on a firm spring HRS wheat in Minneapolis.

• to 2.20 $/t to 192,99 $/t for SRW soft winter-wheat in Chicago

Due to the decrease of the proposals, Ukraine per week reduced the export of wheat by 58% to 89 thousand tonnes Purchase prices at the port increased slightly and now stand at:

the protein of 11.5%, 208-209 $/t,

forage 200-203 $/t

• protein 12,5% 211-212 $/t,