Wheat prices to come under pressure of reduced exports

2020-01-28 12:03:28
Machine translation
Wheat prices to come under pressure of reduced exports

the Global stock and commodity markets remain under pressure likely slowdown of the economy resulting in the spread of a new coronavirus to an increasing number of countries.

 

Speculative decline in wheat prices that began on Friday, yesterday intensified on the background of statistical data on exports from major producer countries.

 

Ukraine per week reduced the export of wheat by 61% from 260 to 101 thousand tons.

 

wheat Exports from Russia, although slightly increased compared to the previous week, but remained at a relatively low level 172 thousand tons.

 

the US last week reduced the export of wheat by 56,6% to 224 thousand tons, and from the beginning of the season exported 16,224 million tonnes compared to 14,384 million tons at the same date last year.

 

the Paris stock exchange yesterday continued speculative reduction. Prices also puts pressure disrupting export shipments of French wheat over the lengthy strike of the dockers, although a week from the port of Rouen has managed to ship 200 tons of wheat.

 

In this season as at 26 January, the EU exported of 15.94 million tonnes of wheat, 68,86% higher than the corresponding figure of the previous MG.

 

the

  • March futures for milling wheat on MATIF fell 1.25 €/t to two-week low 194,25 €/t or 214,03 $/t

 

In the United States investors on Monday moved to speculative purchases, which have helped to halt the falling prices.

 

the Decline in demand and the pace of wheat exports will continue to put pressure on prices as the prospects of enhancing exports are not yet available, and the seasonal spring increase in supply will further increase the pressure on the market.

 

March wheat futures in the U.S. fell:

the

0.09 $/t to 201,08 $/t on a firm spring HRS wheat in Minneapolis.

  • 0.46 $/t to 210,26 $/t for SRW soft winter-wheat in Chicago

Rose by 0.18 $/t to 178,75 $/MT of hard winter HRW wheat in Kansas city.

 

Russia's wheat stocks from the manufacturers as of 01 January increased compared to the previous year by 9.1% to 11,079 million tons, which corresponds to the average 5-year inventory levels and indicates a fairly significant export potential.

 

Prices for black sea wheat remain unchanged, although buyers do not have active procurement in anticipation of further price declines.

Visitors’ comments (0):