A slight deterioration of winter crops in the U.S. supported prices

the Stock price of wheat began the week with a fall, but at the end of trading increased slightly on data on the deterioration of the winter wheat crop in the United States.

According to the monitoring the USDA, as of March 28, the number of winter wheat crop in good or excellent condition for a week grew up in Kansas by 5% to 50%, but decreased in Texas by 1% to 28% in Oklahoma by 1% to 61% co – 5% to 28%.

Yesterday speculators warmed up may futures on soft wheat in Chicago, ignoring the deteriorating condition of winter crops, the strengthening of the dollar and the reduction of wheat exports from the U.S. to its lowest in a month level 302,2 thousand tons, which is not peer expectations.

However, the market has supported the predictions that will need to be confirmed on Wednesday, reducing supplies of wheat in the United States as of March 1, up to 1,272 billion bushels, which is 10% below last year's level and will be the least of 2015, the volume of stocks.

the May futures rose:

• 1.29 $/t to 226,61 $/t for SRW soft winter-wheat in Chicago,
• 0.46 $/t to 209,25 $/t for solid winter HRW wheat in Kansas city.

Declined 1.19 $/t to 224,41 $/t solid spring HRS wheat in Minneapolis.

the French Market after wheat speculative adjustments at the end of last week's Monday again turned down under pressure good prospects for the future harvest and nearly zero export demand. The Mediterranean countries did not announce new tenders, and outbreaks of ASF in China can have a negative impact on exports in this direction.

Within a week of the country, the EU exported 194,5 thousand tons of wheat, and in General, in the season of 19.8 million tonnes, which is 23% below last year's pace. Additionally, the market pushing a sharp decline in export prices for Russian wheat.

• the May futures for milling wheat on MATIF fell by 4 €/t to 210,75 €/t or 248,05 $/t

Algerian Agency OAS March 31, will hold a tender for the purchase of flour optional origin wheat for may delivery, which may support the prices.