The growth of exchange prices of wheat activates the import
After two days of falling wheat prices on Wednesday in Paris, the quotes are up on the news about a possible restriction of grain exports from Russia and due to the depreciation of the Euro to the level of 1,1475 $/€.
- December futures on milling wheat in Paris rose 1.25 €/t to 201,25 €/t or 230,93 $/t
Yesterday, the representatives of the Rosselkhoznadzor reported that the immediate closure of shipping points for the grain is not planned, but the increased quality control will not be cancelled. Exporters say that export clearance of vessels is now delayed by 5-10 days.
U.S. exchanges after the previous speculative rise in prices on Wednesday with a minor adjustment.
the December U.S. wheat futures rose fell:
1.38 $/t to 190,60 $/t for solid winter HRW wheat in Kansas city
0,64 $/t to 216,69 $/t on a firm spring HRS wheat in Minneapolis.
- 1.47 $/t to 189,32 $/t for SRW soft winter-wheat in Chicago
Importers are stepping up purchases amid concerns about possible restriction of export of Russian grain. Today, the Egyptian operator of GASC tenders for the purchase of at least 55-60 thousand tons of soft milling wheat with delivery from 1 to 10 December.
Grain Agency of Tunisia yesterday at the tender purchased on the delivery terms in November:
50 thousand tons of soft wheat at a price 244,98-249,11 $/t C&F
50 thousand tons of feed barley at a price 244,98-249,11 $/t C&F.
- 75 thousand tons of hard wheat at a price 270,73-274,29 $/t C&F