The decline in exports weighs on wheat prices

2019-03-19 12:01:05
Machine translation
The decline in exports weighs on wheat prices

Published on Monday the report on the shipment of wheat showed a decrease in the rate of export of the major sellers and has become a new factor of pressure on the stock price.

 

After a strong run on Friday before a two-week high yesterday may wheat futures in Paris continued to fall along with the September and the December quotations.

 

wheat Futures on the MATIF Monday declined:

on September 0,75 €/t to 176,25 €/t or 199,97 $/t

  • may 0.5 €/t to 188,75 €/t or 214,03 $/t,

 

Falling prices have restricted active shipment in the ports of France.

 

For the week, the EU reduced the export of wheat by 30% to 246,3 thousand tons, which is 11% lower than in the corresponding period last year. Overall in the season exported 12,971 million tons of wheat. Traders hope that the pace of exports will remain high, with the reduced harvest in Morocco, the dry weather will make the country in may to hold the next procurement tender.

 

After the previous two-day growth market for us winter wheat on Monday again turned down. The decline in the rate of export investors are speculative sale.

 

wheat Exports from the U.S. for the week decreased by 42% to 353,727 thousand tons, which is 20.5% lower than in the corresponding week last year. The total export of wheat is of 17.98 million tonnes, which is 6% below last year's level.

 

Quotes of durum spring wheat in Minneapolis was supported by declared Ethiopia tender news about the delay of sowing of spring wheat in the Northern wheat belt in the U.S. through a large layer of snow.

 

May futures in the U.S. fell:

to 2.39 $/t to 160,38 $/t for solid winter HRW wheat in Kansas city.

  • 2.02 $/t to 167,82 $/t for SRW soft winter-wheat in Chicago

has Risen to 2.20 $/t to 206,04 $/t hard spring HRS wheat in Minneapolis.

 

Ukraine last week exported 88 thousand MT of wheat, compared to 200 tonnes the previous week. Overall in the season exported 7.7 million tons of wheat from the agriculture Ministry agreed with 8 million tons of Export wheat prices fall, however, the increase in the dollar UAH supports the purchase price.

 

Russia for a week have reduced wheat exports by 9% to 439 thousand tons Exporters to sell wheat at high prices in anticipation of the arrival of the new harvest.

Visitors’ comments (0):