Wheat prices remain under the sway of importers
Reduction of export of Ukrainian wheat in India and increased competition from cheaper Russian grain led to lower purchase prices for wheat on the basis of CPT-Black sea ports 1-2 $/t
Today, in the ports offer for wheat:
- 2 grade 167-169 $/ton or 5250-5350 UAH/t,
- 3 grade 166-167 $/ton or 5200-5270 UAH/t,
- feed 158-162 $/ton or 4900-5150 UAH/t
In Paris quotes soft wheat on Wednesday began to grow, because after 4-day fall intensified speculators.
in addition, the Agency FranceAgrimer, a new report has reduced the estimate for ending stocks of wheat in France was 0.4 million tonnes to 2.6 million tonnes, the export Forecast remained unchanged at a rather low level of 5 mln tonnes But some traders believe that actual exports will be a few hundred ticat tone more.
May milling wheat quotations on the MATIF have risen by 2.5 Euro/ton to 164,75 Euro/ton or 174,78 $/t
wheat area in Chicago on Wednesday has not affected any of the factors, even speculative, so the rise in prices has stopped.
the May futures for U.S. wheat April 12:
- no changes at the level of 159,19 $/tonne has remained soft winter SRW wheat in Chicago