Wheat markets are growing hopes for the revitalization of the export

on Thursday, the wheat prices in the European and American stock exchange have grown on the background of increasing growth factors. The main growth factor was the rise in cash prices in the Russian and Argentine wheat to the levels of the prices on American and European wheat. The reduction in forecast wheat production in Argentina from 19.2 to 19 million tons, and China 2.2 percent to 131,4 mln tonnes continue to worsen until stressful the global balance for wheat.

the Market for French wheat continues to steadily increase over the low of the Euro against the dollar.

the March quotations of milling wheat on the Paris stock exchange MATIF rose by €1.25 to 207,50 € / ton (235,70 $/tonne).

on Thursday quotes of the March wheat futures in Chicago rose to the highest level since October 18.

the Driver of growth was the data on the growth of export sales in the week before 754тис tonnes, 6% more than a week ago, and 28% more than a year ago. The signing of the agreement between the US and Iraq on direct grain supply was an additional factor in the strengthening of quotations.

March quotes of the American wheat have risen:

the

• soft wheat SRW in Chicago for $3.49 for up to 196,94 $/ton
• the
• hard wheat HRW in Kansas city for $3.21 m to 191,06 $/ton
• the
• hard wheat HRS in Minneapolis by $1.93 and to 216,14 $/ton