Stock prices for wheat are rising because of speculators

it Turned out that the pandemic coronavirus can earn not only sellers of medical masks and antiseptics, but also speculators on the wheat. In the U.S. population in a panic bought food, particularly spaghetti and flour, resulting in increased demand for wheat, which caused growth of quotations in Kansas city, which showed the highest daily growth per month. In addition the market was supported by data on the state of winter wheat crops.

According to the USDA,the state of crops of winter wheat over a week deteriorated in Kansas by 1% in Colorado to 13%, whereas improved in Oklahoma 9% and Texas at 10%.

the May wheat futures in the U.S.:

the

by 5.24 $/t to 164,06 $/t for solid winter HRW wheat in Kansas city.

• 3.31 $/t to 186,75 $/t for SRW soft winter-wheat in Chicago

Remained at the level of 187,11 $/t hard spring HRS wheat in Minneapolis.

European wheat into the environment rapidly rose in price, with the support of exchanges in the United States and the depreciation of the Euro 1,088 to $/€.

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• the May futures for milling wheat on MATIF rose by 4.75 €/t to 184 €/t or 200,65 $/t

the Growth of quotations is limited news on the purchase by Algeria for the tender of 400 thousand MT of hard durum wheat, presumably manufactured in the USA and Canada with delivery in April at a price 333-335 $/t CFR, which is 52 $/t lower than a year ago.

However, the price of wheat of the new harvest supported the purchase of the tender by the South Korean manufacturer of animal feed MFG 70 thousand tons of feed wheat optional origin for the price of 207 $/t C&F and delivery in the second half of September.

Experts FAS USDA reviewed the March report and increased the forecast of wheat imports in Egypt in 2019/20 MG 2.4% to 12.8 million tonnes, which is 3.6% higher than the figure recorded 2018/19 Mr.