Wheat prices in the US fell due to poor export

2017-11-27 12:18:35
Machine translation
Wheat prices in the US fell due to poor export

the Agency IGC, a new report has increased compared to the previous balance forecast world stocks of wheat by 7 million tons to a record 249 million tons For EU countries, the rating was increased from 13.2 to 14.5 million tonnes, Russia from 10.5 to 17.4 million tonnes, of China, was 95.9 to 108.5 million tons, India with 9.8 to 11 million tons.

 

the Increase in wheat stocks was the main factor of pressure on world prices.

 

the European price of grain continues to push further strengthening of the Euro exchange rate is increased to 1,194 €/$.

 

France is almost finished sowing of winter wheat. Almost 100% of the seedlings are in good condition.

 

  • December futures milling wheat on the Paris MATIF fell by 0.5 €/t to 157,75 €/t (188,23 $/t).

 

After a festive day in the United States on Friday resumed the work of the grain exchange. However, the trading results were not very comforting.

 

Traders are very unhappy with the results of the next export week. Despite the expectations of experts in the 350-550 thousand tonnes sales of U.S. wheat totaled only 199,845 thousand tons.

 

the December U.S. wheat futures fell.

  • by 3.30 $/t to 152,76 $/ton, soft wheat SRW in Chicago
  • by 2.11 $/t to 152,30 $/t for hard wheat HRW in Kansas city
  • 1.29 $/t to 229,09 $/t for hard spring wheat HRS in Minneapolis.