The decrease in purchase prices for the tender in Tunisia increases the pressure on the wheat markets

2020-02-26 12:04:47
Machine translation
The decrease in purchase prices for the tender in Tunisia increases the pressure on the wheat markets

Grain Agency of Tunisia (ODC) acquired in the tender on February 25 125 thousand tons of soft milling wheat of arbitrary (supposedly French) origin, with delivery March 25 – may 25 at a price 232,92-233,98 $/t C&F, which by 13.07-13,85 $/t lower than at the previous auction on January 17.

 

Decrease in stock prices down wheat prices in the physical markets, which is confirmed by the results of the latest procurement tenders. The pressure increases the distribution coronavirus in Europe.

 

this season, the EU exported 18,715 million tonnes of soft wheat, which is 64% higher than 2019 on the same date, although a week ago the rate of exports outpaced last year's 70%.

 

the

  • the May futures for milling wheat on MATIF fell by €1/t to 7-week low 188,5 €/m or 204,97 $/t

 

Prices of European wheat on the physical market fell to 217-218 $/t FOB, which increases pressure on the prices of black sea wheat.

 

at the same time increasing the export competitiveness of Russian wheat in the fall of the ruble against the dollar, which only yesterday fell by 2% to RUB 65,42/$.

 

May futures in Chicago began yesterday's session with a fall to the lowest since December 12, 2019 level. However, thanks to the speculators covered short positions and conducted technical procurement, trades ended in green zone.

 

the May wheat futures in the U.S.:

the

1.01 $/t to 169,75 $/t for solid winter HRW wheat in Kansas city

0.74 $/t to 194,65 $/t on a firm spring HRS wheat in Minneapolis.

  • 0.83 $/t to 197,31 $/t for SRW soft winter-wheat in Chicago

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