Wheat prices have again started falling

2018-03-14 12:15:40
Machine translation
Wheat prices have again started falling

Promised in the wheat belt of the USA precipitation have slowed the market winter wheat.

 

the May futures for U.S. wheat fell:

0.74 $/t to 191,16 $/t for solid winter HRW wheat in Kansas city.

  • 1.56 $/t to 178,76 $/t for SRW soft winter-wheat in Chicago

At the same time has risen in price on 0,37 $/t to 229,83 $/t hard spring HRS wheat in Minneapolis.

 

last week for the first time since mid-December, decreased export prices for Russian wheat. According to the weekly monitoring SovEcon, the price of wheat with protein of 12.5% on FOB deepwater ports fell 1.5 $/t and 208 $/t In late February, the price reached the highest since the end of 2014 the level of 210 $/t

 

SovEcon Experts explain such dynamics stabilization of world prices and the increase in the number of offers of Russian wheat.

 

Buyers are in no hurry to contract wheat at high prices, hoping for their decline.

 

Yesterday, the tender of the Algerian Agency OAIC has purchased 150 thousand tons of milling wheat at a price 226 $/t C&F for delivery in June, whereas usually the volume of purchases is 450-500 thousand tons.

 

the Purchase price of food wheat in Ukraine remain at 185-190 $/t in the port 226 or $/t FOB. Traders began to contract wheat of the new harvest at 170-175 $/t delivery port.