The forecast of declining exports from the black sea region strengthens, the price of wheat

Ukraine has already exported 70% of the planned for the season of wheat exports, while Russia has not yet decided on plans of export for the current season.

the intention of the agriculture Ministry to regulate prices on the domestic wheat market leave open the question of further export, giving traders hope to enhance sales of American wheat in the near future.

For the week, wheat exports from the US declined by 5.5% to 516,6 thousand tons, which is 21% higher than the corresponding period last year. Two ships sent to Egypt, where previously dominated Russian grain.

Rumors about a possible purchase by China of us wheat supported prices.

March wheat futures rose:

the

1.38 $/t to 187,30 $/t for solid winter HRW wheat in Kansas city.

• 1.29 $/t to 191,52 $/t for SRW soft winter-wheat in Chicago

At the same time has fallen in price on 0,83 $/t to 210,17 $/t hard spring HRS wheat in Minneapolis.

the EU has exported 12.2 million tons of wheat, which is 27% lower than the level of the corresponding period of the previous MG, but imported 1.95 million MT of feed wheat, which is 48% higher than last year's figure.

the

• Futures on milling wheat in Paris rose by 0.75 €/t to 205,75 €/t or 233,83 $/t

According to chamber of Arbitration of Argentina as a wheat of the new harvest significantly exceeds the predicted. The average content of protein exceeds the total of 3 seasons and is 11,14%, and test weights are highest for the last 5 seasons and reaches 79,9 kg/cap. These data will put pressure on prices as the Argentine wheat competes actively with the European.

the Syrian news Agency Hoboob has announced two tenders for the purchase of 400 thousand tons of milling wheat, however, after international sanctions against Syrian banks and the difficulty paying will probably be purchased only Russian wheat, as in the previous auction, where it acquired the loan, which will obviously be later written off.

Delivery of Russian wheat in Syria will reduce the supply on other markets.