Wheat prices remain under pressure from low demand

on Wednesday, the wheat quotations in Paris hits 6-week low under pressure from the stock exchange in Chicago, where continues drop. However, the prices slightly supported the Euro, which began to weaken.

• December futures on MUKomelno wheat on the Paris exchange fell 0,25 €/t to 198,5 €/t or 225,05 $/t

Wheat exchange Wednesday, the US traded with the negative under pressure from the strong dollar and poor export, but before the end of the session, speculators brought Chicago to a small plus.

Experts expect that export sales of US wheat for the week will be 200-500 thousand t

the December wheat futures on US exchanges declined:

0.83 $/t to 209,16 $/t on a firm spring HRS wheat in Minneapolis.

• 0.55 $/t to 181,24 $/t for solid winter HRW wheat in Kansas city

At the same time increased by 0.28 $/t to 183,90 $/ton SRW soft winter-wheat in Chicago.

Prices on black sea wheat also declined after the fall of stock prices and under pressure from low demand from importing countries that have already acquired the necessary them until February-March volumes. So, on the basis of FOB the price of wheat protein and 12.5% dropped to 1-2 $/t to 225 $/ton, wheat with protein 11.5% - up to 218 $/MT, feed up to 210 $/t

In Ukraine, the price of demand for wheat at the ports continue to grow through a limited number of sentences, due to the increase in tariffs for road and rail transport, as well as a shortage of grain, which are brought to harvesting corn. Even after harvest freight rates are unlikely to decrease, because the ports will be actively transported corn.