Wheat prices fell in early week

a Week of exchange, wheat prices started falling as traders are actively selling, locking in profits after a strong run of quotations. The Chicago stock exchange for the first time in 4 days made up on Monday trading in the red zone.

Saudi Arabia at the tender purchased 605 thousand tons of hard wheat for American and European origin at the average price 242,51 $/t CIF, which is $25/t higher than the purchase price of the previous trading Sep. However, this could support the market.

• the December wheat futures on the MATIF fell by 0.5 €/t to 180,75 €/t or 201,54 $/t

Traders expect the outcome of the Algerian tender, the results of which will be announced at the end of the week, because there is competition with French wheat might be Argentine.

the European Union last week exported 272,7 thousand tons of wheat, which is below the average weekly volume, and since the beginning of the season sold 8.1 million tons of wheat, which is 51% higher than the corresponding figure 2018

Rabobank has lowered the forecast of wheat production in Australia to 15.8 million tonnes, which is 8% less than the harvest of the previous my, which also suffered from drought.

the Experts at Agriculture and Agri-Food Canada (AAFC) lowered compared to the previous estimate, the forecast of wheat exports from Canada to 2019/20 MG 0.2 million tons to 23.7 million tons, which will yield of 24.3 million tonnes 2018/19 Mr. Despite the delay in harvest production estimate was left at the level of 32.5 million tons (32.2 million tonnes in 2018/19 MG).

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

by 3.03 $/t to 156,34 $/t for solid winter HRW wheat in Kansas city

2.48 $/t to 197,59 $/t on a firm spring HRS wheat in Minneapolis.

• by 3.21 $/t to 192,35 $/t for SRW soft winter-wheat in Chicago

Ukraine in the new season exported 10.1 million tons of wheat by 3.22 million tonnes higher than the corresponding figure 2018/19 Mr. Due to the growth of export demand, wheat prices at the port rose to the next level:

protein 11,5% - 183 to 185 $/t or 5350-5450 UAH/t, the

• protein 12,5% - 183-187 $/t or 5400-5450 UAH/t,
  • feed – 178-181 $/t or 5200-5350 UAH/t