In anticipation of the USDA reports, wheat prices continue to fall

2017-12-12 12:07:26
Machine translation
In anticipation of the USDA reports, wheat prices continue to fall

on Monday, the wheat exchange, the United States continued to fall.


March delivery soft wheat reached its lowest in its history level. Traders are speculative sales, as expect further price drops after the release of the monthly USDA report.


the Pace of exports is 23 percent below the previous week increased by 29% inferior to the level of the corresponding date last year and are 316,8 thousand tons since the beginning of the season exported 13,073 million tons of wheat, which is 7.3% less than in the same period of the previous my.


the March U.S. wheat futures fell:

1.93 $/t to 151,66 $/t for hard wheat HRW in Kansas city,

0,92 $/t to 223,67 $/t for hard spring wheat HRS in Minneapolis.

  • 2.02 $/t to 151,93 $/ton, soft wheat SRW in Chicago


In Ukraine, the traders have already acquired the necessary to the new year party, so the price of 3 class wheat with protein 11.5% and feed continue to decline. For delivery in January bid for 2-3 $/t lower compared with December.


today Egypt to hold tender for purchase of wheat, and Ukrainian traders have the hope to realize at least a small batch of grain to support the market.


For wheat at the port for delivery in December today offer:

protein 11,5% - 168-170 $/t or 5350-5400 UAH/t,

forage - 165-167 $/t or 5250-5300 UAH/t

  • protein 12,5% - 175-177 $/t or 5450-5500 UAH/t,