Wheat prices recovered due to speculative purchases

2019-08-05 12:16:38
Machine translation
Wheat prices recovered due to speculative purchases

After two days of falling wheat prices in the EU and the US on Friday rebounded slightly. Active collection and good yields in the major producing countries continue to put pressure on prices. Traders await the August balance USDA, which will determine the future price trends of the market.


In France, soft wheat collected on 87% of the area compared to 99% on average on this date, but the quality is better than usual. Pressure completion of the collection in Germany and France weakened the growth of prices in Chicago.


  • September futures for milling wheat on MATIF rose by 0.25 €/ton to of 173.25 €/t or 192,51 $/t


the Chicago stock Exchange on Friday, played half of the previous three-day fall. In the absence of fundamental factors, investors have been speculative purchases and covered short positions.


the September wheat futures in the U.S.:

to 2.20 $/t to 154,96 $/t for solid winter HRW wheat in Kansas city

1.38 $/t to 191,89 $/t on a firm spring HRS wheat in Minneapolis.

  • by 5.51 $/t to 180,32 $/t for SRW soft winter-wheat in Chicago


Prices for August shipments of Russian wheat protein 12,5% remain at 194-196 $/t FOB, but active demand from importers is not observed.


In Ukraine the prices for milling wheat with protein 11,5-12,5% remain at the port level 175-177 $/t, forage wheat – at the level of 172 and 173 $/t. Now with 90% of the area produced 24.9 million tons of wheat with a yield of 4.06 t/ha, which will allow you to crop within 28-28,5 million tons, the Volume of wheat exports from Ukraine since the beginning of the season made up 1.31 million tonnes, which is 35% higher than the same period last year.

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