Ukraine: Speculative adjustment of stock quotes did not stop the fall in prices in physical wheat markets

게시됨 2021년 3월 24일

Tridge 요약

The wheat market is experiencing price adjustments due to various factors, with food wheat prices continuing to decline following a drop in feed wheat, bran, and oilseed meal prices. The resignation of the head of the National Bank of Turkey has led to a collapse of the Turkish lira, impacting Russian wheat exports. In contrast, French wheat prices rose for the first time in 11 sessions, supported by a weakening euro and increased American wheat prices. US wheat exchanges faced pressure from USDA monitoring data showing improved winter crops, but received support from rising soybean and corn markets. Ukrainian exporters have reduced the purchase prices for wheat, and the seasonal increase in wheat supply is putting further pressure on prices, especially with low demand from exporters.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

Despite the significant pressure of fundamental factors on the wheat market, yesterday on the stock exchanges there was a speculative price adjustment associated with the growth of neighboring markets for soybeans, corn and soybean oil. At the same time, in food markets, food wheat continues to fall in price following a sharp decline in prices for feed wheat, bran and oilseed meal. Prices for Black Sea wheat fell to 269-272 $ / t FOB amid a collapse of the Turkish lira by 17% after the resignation of the head of the National Bank of Turkey. The decline in the purchasing power of the main importer of Russian wheat against the background of already low rates of exports will further increase pressure on prices. Yesterday, French wheat rose for the first time in 11 sessions, receiving support from the depreciation of the euro and rising prices for American wheat. US wheat exchanges traded yesterday under pressure from USDA monitoring data, which showed an improvement in winter crops. ...

출처: Graintrade