The price of wheat on the physical market falls after stock
on Thursday, traders continued to sell wheat in anticipation of further price declines on the world market that led to lower stock prices.
the Market was unable to support any increase in weekly export of wheat from the United States nor increased purchasing wheat importers amid falling prices.
the Transition to exchanges may trade futures also reduces prices as forecasts of a good harvest pressured prices of supply in July – September.
- the May wheat futures in Paris on Euronext fell by 2 €/t to 188 €/t or 213,77 $/t
quotes European wheat can affect the present tender in which Saudi Arabia plans to acquire 595 thousand MT of wheat for April – June.
Jordan prior to March 5 will hold a tender for the purchase of 120 thousand tons of wheat.
the price of soft wheat in the United States continue to decline, whereas durum wheat has slightly risen in price.
May futures in the US declined:
0.37 $/t to 163,32 $/t for solid winter HRW wheat in Kansas city.
- by 2.66 $/t to 168,83 $/t for SRW soft winter-wheat in Chicago
Rose by 1.93 $/t to 205,48 $/t hard spring HRS wheat in Minneapolis.
On the physical market, vendors reduce prices of black sea wheat in the fight for customers, competing with American and European grain.
Wheat protein 12,5% offer 225-235 $/t FOB with delivery in April – may, wheat with protein 11.5% in at 220-225 USD/t FOB.
Argentine wheat with protein 11.5% of the offer for 230 $/MT FOB with delivery in April, wheat protein 12,5% - 235 $/MT FOB.