The increase in export demand heats wheat exchange USA

2016-10-06 12:51:59
Machine translation
The increase in export demand heats wheat exchange USA

on Wednesday at the wheat site in the USA observed a rapid rise.

 

the intensification of the export demand gave the market a new impetus. According to market operators, at the tender in Morocco October 5 state trader ONICL purchased 260 thousand tons of soft wheat in the framework of tariff rate quotas for the United States. Delivery of goods must occur before December 31, 2016.

 

Investors EN masse have closed short positions.

 

the December futures for U.S. wheat has risen:

  • 3.49 $/tonne to 148,81 $/tones of soft wheat SRW in Chicago
  • by 4.41 $/tonne to 152,48 $/tone for hard wheat HRW in Kansas city

 

Egypt this week purchased 240 thousand tons of Russian wheat at a price range 177,77-178,95 $/t FOB and freight rate of 8.55 $/ton. Currently, grain exports from Russia not too active, although according to statements of experts, this country intends to export over 30 million tons of grain.