Wheat prices fall on data about the activation of the Seva

Yesterday, on world wheat markets traders booked profits after Friday's spike and watched the sowing of winter wheat in the United States. Announced by Pakistan and Syria tenders to support prices for Russian wheat.

Precipitation in the form of rain and snow that were in the wheat belt of the American Plains, cooled wheat market in the United States. Wheat exports from the U.S. last week rose to 363,8 thousand tons, and just season reached 11 million tons from a projected 26.5 million tonnes, only 4% higher than the corresponding figure of last year, but exports gradually slowed down.

According to the report of USDA which was released after auction end, as at 25 Oct winter wheat sown in the country, 85% of space compared to 83% last year and 80% average for 5 years at that date. Shoots were obtained on 62% of the area compared to 60% last year and 60% in average of 5 years.

According to the report, in good or excellent condition only 41% of the crops, whereas a year ago the figure was 56%.

evidence of improvement of weather in the main agricultural regions of Russia, which still suffer from drought, increased pressure on prices.

December futures in the U.S. fell:

the

by 6.52 $/t to 202,82 $/t for solid winter HRW wheat in Kansas city

by 4.59 $/t to 207,60 $/t on a firm spring HRS wheat in Minneapolis.

• by 4.68 $/t to 227,81 $/t for SRW soft winter-wheat in Chicago

In France as of 19 October winter wheat was sown 44% of the planned areas compared to 27% last year and 52% on average for 5 years at that date. Precipitation next week will slow planting, but will improve the condition of crops.

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• December futures for milling wheat on MATIF fell by 2.5 €/t to 207,25 €/t or 245,77 $/t

Russia planted winter crops 18.2 million hectares, or 95,1% of the planned areas, however, due to favorable weather, producers can increase acreage of.

the Pakistani Agency of TSR to November 3, will hold a tender for the purchase of 320 thousand tons of milling wheat optional origin shipment until January 31.

the Syrian company Hoboob until October 28, will hold a tender for purchasing 200 thousand tons of milling wheat black sea production, which should be delivered in 60 days after signing the contract.

In Ukraine the price of wheat at the port reached a record 245-250 $/t or 8350-8400 UAH/t in the absence of proposals from the sellers that are holding back sales in expectation of price maximum.

Precipitation next week will improve the condition of winter wheat crops in Ukraine will increase sowing areas.

bid Prices of black sea wheat remain at 255-260 $/t FOB , European wheat offer 248-252 $/t FOB, but the Argentine went up to 255-260 $/t FOB Up River.