The purchase price of wheat in the Egyptian tender growing
At yesterday's Egyptian tender operator GASC bought 175 thousand tons of Russian wheat at a price 230,66 $/FR delivery within 5-15 April.
compared with the previous auction on February 21, the purchase price increased by 3.2%, while in Kansas during this period, wheat prices increased by 12%.
According Agricensus, on the basis of FOB Novorossiysk price of Russian wheat protein 12,5% rose 2.2% to 208,25 $/t
the Market for U.S. wheat on Tuesday continued to fall in anticipation of the March report USDA, which, according to experts, will be substantially increased the estimate for ending stocks of wheat in the United States.
the May futures for U.S. wheat fell:
1.47 $/t to 198,96 $/t for solid winter HRW wheat in Kansas city.
- 0.83 $/t to 186,29 $/t for SRW soft winter-wheat in Chicago
Rose by 1.74 $/t to the amount of 231.1 $/t hard spring HRS wheat in Minneapolis.
due to the strengthening Euro and the fall in export demand may futures milling wheat on MATIF fell by 0.25 €/t is 165.5 to €/t (205,48 $/t).
Traders disappointed by the lack of French wheat in yesterday's tender in Egypt, even despite the slight gap in price FOB Russian competitor.