Wheat prices continue to fall under pressure of lower demand

2019-11-08 12:07:30
Machine translation
Wheat prices continue to fall under pressure of lower demand

Stock prices for wheat continue to fall under pressure from declining export demand.


wheat Exports from the U.S. for the week fell 27% to 360,6 kt, that were lower than expert expectations. Prices pressure a significant drop in the neighboring corn market.


in Anticipation of the publication of the report USDA analysts publish their forecasts of the balance of the wheat. According to their estimates, global wheat production will be reduced somewhat, however, due to the falling demand caused by rising prices, ending stocks may increase in comparison with the October forecast at 4 million tonnes to 287,2 million tonnes Decrease in production in the United States, Canada, Argentina and Australia will be offset by its increase in the EU and Russia.


After two days of growth, the wheat futures in Chicago on Thursday turned down. Waiting for the report USDA investors are speculative sale. The main intrigue of the evaluation report, the wheat harvest in Argentina and Australia.


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

at 1.10 $/t to 156,07 $/t for solid winter HRW wheat in Kansas city

1.65 $/t to 190,60 $/t on a firm spring HRS wheat in Minneapolis.

  • 1.56 $/t to 188,31 $/t for SRW soft winter-wheat in Chicago


the EU buyers are entering the market only to buy "today" because a new report USDA can set a new direction of prices. Weekly wheat exports from France amounted 138,191 thousand tons, of which 90% was sent to Algeria.


  • the December futures for milling wheat on MATIF fell by 0.25 €/t to 178,25 €/t or 196,99 $/t


the bid Prices for Russian wheat with protein of 12.5% remains high 207-208 $/t FOB, and with protein 13.5% of the level 219-222 $/t CIF Marmara, however, tangible demand is not observed.


In Ukraine the price of wheat fell as traders have already executed the contracts and acceptance in ports stopped due to overcrowding in the terminal. Logistical problems slowing exports and an increase in the supply of corn to the port reduces the incentives of traders in wheat.