The price of wheat expect the new procurement tenders

2020-01-29 12:06:38
Machine translation
The price of wheat expect the new procurement tenders

on Tuesday, the exchange's wheat quotations recovered somewhat after the previous fall in anticipation of increased demand from importers.


a Resumption of the strike in France has increased the price of wheat in Paris, but their fall today to resume the application state of the importer of Tunisia that French wheat will not participate in the next tender.


the Dockworkers will go on strike on Tuesday and Wednesday, so some of the ships from the ports of France sent to Germany to load export wheat.


However, the decrease of panic from the spread of the new virus and its impact on the global economy allowed the French stock exchange to end trading in positive territory.



  • March futures for milling wheat on MATIF rose by 0.25 €/t to 194,5 €/t or 214,27 $/t


Jordan on the tender 28 Jan purchased 60 thousand tons of milling wheat with protein 12,5% presumably of Romanian origin with delivery in August at a price 226,4 $/t C&F, which confirms the significant drop in the price of the new crop.


Traders also surprised that, contrary to the expected revitalization of American agricultural products after the signing of trade agreements with the US, China over the last two months has gained almost 1 million tonnes of wheat from Australia, Canada and France. China needs high-quality wheat to make up for domestic shortage of grain, which is used for the production of bread, cakes and cookies.


Prices in Chicago fell for a third day in a row. Yesterday, investors have been speculative sales amid falling export demand, as too expensive American wheat lost competitiveness.


March wheat futures in the U.S. fell:


1.65 $/t to 177,10 $/t for solid winter HRW wheat in Kansas city

1,84 $/t to 199,24 $/t on a firm spring HRS wheat in Minneapolis.

  • 0.92 $/t to 209,34 $/t for SRW soft winter-wheat in Chicago


According to the USDA, crop condition of winter wheat in the Northern U.S. are better than in the South through the low level moisture reserves. If in good or excellent condition in the North and South Dakotas are 76% of the crop in Montana is 71%, Colorado 53% in Kansas, only 34%, in Oklahoma it was 36% In Texas to 20%.


IN 2020/21 MG USA second season in a row will gather the low winter wheat crop, because the acreage under it in comparison with last year decreased by 45 to 31.3 million acres.

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