Wheat prices rose due to snowfall in USA

2019-04-12 13:08:55
Machine translation
Wheat prices rose due to snowfall in USA

wheat Prices yesterday showed speculative growth on the background of precipitation on the Northern plains of the United States that can lead to some losses of crops and another delay before planting spring wheat.

 

support for the North American market was also supported by the data of the USDA report on the growth of export shipments over the past week, on 41% - to 587,6 thousand tons, but the data on export sales for the week show that demand is actively falling and was at only 273 thousand tons of wheat, which is much below the expectations of traders, from 400 to 800 thousand tons .

 

in addition, traders were encouraged by the fact that a part of the wheat purchased by Algeria at yesterday's tender – originated from the United States.

 

the May quotes of the American wheat have risen:

 

  • soft wheat SRW in Chicago by $0.92 to 169,20 $/t
  • hard wheat HRW in Kansas city for $1.56 to 158,18 $/ton
  • hard wheat HRS in Minneapolis by $1.10 to 195,93 $/ton

 

wheat prices in Paris on the Euronext stock exchange rose by 0.75 to 189,25/t or 213,66$/t in the background of the results of the tender in Algeria, where the purchase price of wheat was more expensive than at the previous tender. A large part of the purchased wheat was of French origin.

 

an Independent analysis Agency Strategie Grains given that many regions of Europe the dry weather has reduced the forecast of wheat production in the EU since March is 146.1 million to 144.8 million tons, but it's 14% more than those produced in the current season.

 

against the background of reduction of prices today the state Agency of Egypt GASC tenders for the purchase of at least 55-60 thousand tons of soft milling wheat supply 20 may – 05 June 2019 that will be an additional token prices for the world market of wheat.

 

Manufacturers of animal feed in the Philippines bought 50 thousand tons of fodder wheat for a price of around 209-210$/t CFR for delivery in August, which is about $ 3 per ton less than it was bought last week.

 

Jordan re-launched a tender to purchase 120,000 tons of wheat, which must be closed April 29.

 

the Purchase price of Ukrainian wheat continue to decline due to the reduction of the leading companies in the purchase and closing of the traders programs at the wheat of this crop.

the price of wheat over a week lost about 100-200 UAH/t and are:

  • wheat protein 12,5% 204-207$/t, or 6450-6550грн/t;
  • wheat protein 11.5% of 201-204$/t, or 6400-6500grn/t;
  • 194-195 feed wheat$/t, or 6100-6250грн/T.

 

According to traders all programs the purchase of wheat up to the end of April, while prices for purchases for may are not yet declared.

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