Wheat prices on world markets lowered the projected

the World price of wheat falls in the absence of factors that causes the funds to take profits and to reduce the number of contracts. Improvement of crops in the US, EU and Russia to reduce anxiety regarding the fate of the future harvest, and the proceeds of the crop of Australia competition intensifies.

On the physical markets prices remain stable, but the results of recent tenders indicate the willingness of sellers to lower prices.

the French wheat cheaper of the 6th day in a row amid forecasts the wheat harvest in Australia and Canada, the strengthening of the Euro and the planned increase of quotas for export of Russian wheat.

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• the March futures for milling wheat on MATIF fell 1.25 €/t to its lowest since mid-October the level of 202 €/t or 244,87 $/t

According to FranceAgrimer, as of November 30 in France soft winter wheat planted 100% of the planned areas compared to 82% in 2019, and in good or excellent condition are 96% of the crops, whereas a year ago the figure was 73%.

Wheat exchange USA on Friday responded to the fall increase in the harvest in Australia and Canada.

the March wheat futures in the U.S. fell:

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by 2.57 $/ton to 199,42 $/t for solid winter HRW wheat in Kansas city

at 1.10 $/t to 202,27 $/t on a firm spring HRS wheat in Minneapolis.

• 3.31 $/t to its lowest since the end of September the level of 211,46 $/t for SRW soft winter-wheat in Chicago

Turkish grain Agency TMO to tender of 4 December acquired 340 thousand tons of milling wheat with protein of 12.5% at an average price of 266.7 $/t and 60 kt with protein 13.5%, the average price 269,85 $/t, which is 3.3 $/t and 6.1 $/t respectively inferior to the procurement price of the auction on 11 November. Whole wheat will be shipped from Russia within 8-25 January 2021г.

With the start of the season TMO purchased 2.2 million tons of wheat, which is 135% higher than the corresponding figure of last year as the Turkish authorities until the end of 2020 reduced import duty from 45% to 0%.

Russia for a week has increased export of wheat by 88% to 1.2 mln t, and in General in the season exported 22.5 million tonnes, which is 19% higher than the corresponding figure last year.

Ukraine, according to the state customs Committee, in 2020/21 MG as of 4 Dec exported of 12.02 million tons of wheat, of 1.57 million tonnes inferior to the corresponding indicator of the previous season.

According to the Egyptian trade and transport company LATT, in November delivery of wheat to the ports of Egypt had declined in comparison with October by 12% to 1.22 million tonnes, which confirms the reduction of consumption due to high prices.