Wheat prices fall over the lack of factors of support
the results of the tender in Egypt showed that increased export sales to lower prices.
Suggested for the tender of American wheat had the lowest price on FOB, however, due to the high cost of sea freight was more expensive than competitors. I won at the auction of European wheat.
- After winning the tender in Egypt French wheat prices in Paris rose by 0.75 €/t to 205,75 €/t or 235,42 $/t
the price of American wheat fell to two-week low. Traders hold speculative market because they do not see prospects for higher prices, which will continue to fall thanks to increased competition. The decline in prices has limited the cold cyclone that struck the United States. Frosts can damage winter crops in the States with a low level of the snow layer. However, since Thursday the temperature will rise, which will take concern about the fate of the crop in the spring, when the plants begin to emerge from winter hibernation.
March wheat futures fell:
to 2.39 $/t to 183.81 $/t for solid winter HRW wheat in Kansas city
2.11 $/t to 208,79 $/t on a firm spring HRS wheat in Minneapolis.
- 2.02 $/t to 188,58 $/t for SRW soft winter-wheat in Chicago
Jordan yesterday got on the tender of 60 thousand tons of milling wheat of arbitrary origin, with delivery in early April in the company of CHS at a price 271,5 $/t C&F, which is 1.5 $/t higher than the purchase price at the auction on January 15.
the High price of procurement support prices on black sea wheat at a considerable level.
the Russian wheat protein 12,5% offer 245-250 $/t FOB with a protein of 11.5% - at 240-245 $/t FOB with delivery in February-March.
In Ukraine, wheat is expensive also, and today traders offer in the port for wheat
with protein 11,5% 219-220 $/t or 7200-7300 UAH/t,
feed 209-210 $/t or 6950-7000 UAH/t
- protein 12.5% of the 220-222 $/t or 7250-7350 UAH/t,