Prices for wheat are actively growing around the world

2020-08-28 12:03:02
Machine translation
Prices for wheat are actively growing around the world

Yesterday, on world markets and physical markets and the price of wheat rapidly grew after a sharp rise in price of soy complex in the US and the active export sales.

 

Export sales of US wheat over the week grew by $ 465 to 764,1 thousand tons, which exceeded expert expectations. The major buyers were Mexico (134,3 thousand tons) and China (123 kt).

 

the Actual exports for the week rose by 59% to 646,4 thousand tons, and just season amounted to 6 million tonnes, which is 1.3% higher than the corresponding figure 2019

 

the September wheat futures in the U.S.:

the

3.86 $/t to 169,29 $/t for solid winter HRW wheat in Kansas city

2.02 $/t to 192,07 $/t on a firm spring HRS wheat in Minneapolis.

  • 3.86 $/t to 199,33 $/t for SRW soft winter-wheat in Chicago

 

After the rise in wheat prices on the US exchanges rose European and black sea wheat.

 

the

  • September futures milling wheat on MATIF rose 2.5 €/t to 188,5 €/t or 223,7 $/ton, and December by 2.75 €/t to 186,75 €/t or 221,6 $/t

 

Reduction proposals of the European wheat on the world market allows exporters from the United States and Russia to raise prices, as Argentina and Australia will supply the wheat until December, as drought conditions worsen the prospects of the harvest.

 

the

  • September futures on the black sea wheat on the stock exchange the CME yesterday rose 2.8% to 212 $/ton, and December, by 2.8% to 223 $/t

 

bid Prices of Russian wheat protein 12,5% increase to 5-6 $/t to 210-212 $/MT FOB, while Ukrainian with protein 11,5% - 3-4 $/t to 208-211 $/t FOB, while the bid price for black sea wheat still do not exceed 205 $/t FOB. The European wheat from France, Germany and the Baltic States offer 215-225 $/t FOB.

 

IGS Experts have raised the forecast of world wheat production by 1 million tonnes to 763 million tons and carryover stocks by 6 million tonnes to 294 million tonnes. This reflects the lack of scarcity on the world market, and the price increases are limiting sales, even though buyers are not willing to buy expensive wheat and can wait out the speculative rise in prices.

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