Wheat prices fall in absence of demand

2020-02-17 12:03:33
Machine translation
Wheat prices fall in absence of demand

the Low demand and lack of factors of support increases the amount of technical selling by traders that lowers the price of wheat on the stock exchanges and the physical market.


on Monday the US celebrated Presidents Day, and in anticipation of the long weekend wheat quotations on the U.S. stock exchanges has declined, increasing the total weekly falling prices for SRW wheat in Chicago up to 2% HRW-wheat to 0.7%. In addition, price pressure sscience course dealer and drop neighboring markets of corn and soybeans.


March wheat futures in the U.S. fell:


0.18 $/t to 171,04 $/t for solid winter HRW wheat in Kansas city

0.46 $/t to 193,08 $/t on a firm spring HRS wheat in Minneapolis.

  • 0.55 $/t to 199,42 $/t for SRW soft winter-wheat in Chicago


French wheat for three consecutive days rose in price to support the increase in forecasts of exports and the depreciation of the Euro, which on Friday fell against the dollar to its lowest since April 2017 level 1,0824 $/€.


the Market has supported the deterioration of winter wheat in France. Now in good or excellent condition are 65% of crops, while during the previous inspection in November there were 73% and on the same date last year – 85%.



  • March futures for milling wheat on MATIF rose 1.25 €/t to 194 €/t or 210,05 $/t


the Company TFFM from Thailand ordered Panamax raw feed wheat shipment in may at a price of 244.5 $/MT CFR LO Bangkok Phoenix.


Prices of black sea wheat continues to decline for lack of demand, but buyers are in no hurry to conclude the transaction, waiting for a further decline.


Russia for a week have reduced wheat exports to 304 thousand tons with a reduction of supply in Egypt and Turkey, and since the beginning of the season exported 24.4 million t of wheat, which is 14% below last year's level.


Ukraine compared with the previous week increased wheat exports doubled, to 233 thousand tons, and from the beginning of the season sold 16.2 million tonnes of wheat, which is 35% higher than the corresponding figure of last MG.


In Canada by reducing demand traders expect lower prices for spring wheat, although they remain stable. Within weeks, the country has reduced the export of wheat by 38% to 279 thousand tons, and from the beginning of the season, exported 8.9 million tonnes of wheat, which is 15% lower than the level of last year.

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