The decrease in the export forecast for Russia has supported wheat prices

2018-09-19 12:05:24
Machine translation
The decrease in the export forecast for Russia has supported wheat prices

on Tuesday, wheat prices on the stock exchanges of the US and EU grew with the support of the data of the Ministry of agriculture of Russia on the reduction in the evaluation of wheat exports to 30 million tonnes despite USDA forecast of 35 million tons.

 

Supported rates the results of the Egyptian tender where it was purchased almost 500 thousand tons of wheat at a price higher than the day before.

 

  • the December futures for milling wheat on the stock exchange in Paris rose 1.25 €/t to 199,25 €/t or 232,32 $/t

 

American traders intensified speculative buying amid lower projections of wheat exports from Australia and Russia, which will increase the chances of U.S. wheat.

 

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

1.19 $/ton to 189,59 $/t for solid winter HRW wheat in Kansas city

1,84 $/t to 213,20 $/t on a firm spring HRS wheat in Minneapolis.

  • 1.56 $/t to 187,57 $/t for SRW soft winter-wheat in Chicago

 

In Ukraine, the demand for wheat increases because of the shortage of supply, as producers are busy harvesting sunflower and corn. Prices of demand in the port increased by 1-2 $/m and now make up:

wheat with protein 11.5% of the - 195 $/t or 6400-6550 UAH/t,

wheat fodder – 185-187 $/t or 6200-6250 UAH/t

  • wheat with protein 12,5% - 200 $/MT or 6700-6750 UAH/t,