Wheat prices rose as a result of increased procurement from China

Main exporting countries during the week reduced export shipments, but the growth of export sales in the USA supported the stock price of the wheat.

Export sales of US wheat over the week grew by 4% to a record this season 795,7 thousand tons with expectations in the range of 200-400 thousand tons after last week they fell to the lowest level of the season. For the second consecutive week the largest buyer of U.S. wheat was China, which gained 333 thousand MT of wheat, including 133 thousand tons of solid and 200 thousand tons of soft wheat blazersite.

this season, the exports of wheat accounted for 68% of the forecast or to 18.04 million tonnes, which is 11.2% higher than the corresponding figure of the previous year.

the Actual exports of US wheat over the week grew by 27% to 343,2 thousand tons, and the whole season amounted to 11.9 million tonnes, which is 2% less than the same period last year.

the Market for U.S. wheat on Friday almost played the previous fall, primarily due to the record level of export sales.

December wheat futures in the U.S.:

the

by 6.52 $/t to 206,31 $/t for solid winter HRW wheat in Kansas city

by 2.66 $/t to 202,36 $/t on a firm spring HRS wheat in Minneapolis.

• by 3.03 $/t to 219,17 $/t for SRW soft winter-wheat in Chicago

the French wheat Market on Friday remained neutral, despite the rise in Chicago. The strengthening of the Euro to 3-month high added to the low pace of exports. For the week, wheat exports from France amounted to 118 thousand tons, but in the whole season made up 2.38 million tonnes, which is 35% less than the corresponding indicator of the previous year and 20% three-year average level.

the

• December futures for milling wheat on MATIF remained at the level of 211,5 €/t or 253,06 $/t

Russia for a week have reduced wheat exports by 44% to 638 thousand tons due to lower shipments in Egypt and Turkey, which is the main buyers. Just season already exported 21.3 million tons from a projected 39 million tonnes of wheat, which is 17% higher than the corresponding figure last year.

the bid Prices for Russian wheat with protein 12,5% remain at 250-251 $/t FOB against a rise in price of European wheat due to the strengthening of the Euro against the dollar to 1,197 $/€.

Ukraine per week exported 605 tonnes, and just season to 11.8 million MT of wheat, which is 10% inferior to the corresponding last year's indicator. The rest of the season free for export are still 5.7 million tons.

Prices demand for Ukrainian wheat remain at 232-240 $/t or 8000-8250 UAH/t at the port, but a few traders to close contracts offer a slightly higher price. In General, the trade in wheat is very sluggish through high domestic prices.

Canada in a week have reduced wheat exports by 25% to 332 thousand MT, and in General in the season of exported of 6.34 million tonnes of the projected 25 million tonnes, which is 29% higher than the corresponding figure last year.

Buyers are holding back purchases of wheat in expectation of increased proposals from Argentina and Australia, where it has already collected a third of the crop.