Speculators continue to raise wheat prices

on Friday in a wheat exchanges continued the growth of quotations began on the eve. Prices supported a revival of exports of wheat from the US and the EU and delay the introduction of us tariffs on Chinese goods amid trump statements about a possible signing in March of a trade agreement between the US and China.

• March futures for milling wheat in Paris rose 1 €/t to 196 €/t or 222,26 $/t

According to report USDA on volumes of export sales using "shutdown" came with a delay in the period 10 January to 14 February, the U.S. implemented the export 3,575 million tons of wheat, which corresponds to a weekly rate 595,8 thousand tons, which is 88% higher than last year's level and significantly exceed expert expectations.

Due to the increase in the yield of wheat production in the US in 2019, the analysts USDA estimated at 51,76 million tons, which is 1% exceeds the level of 2018, although the acreage of wheat will be reduced to 47 million acres.

March wheat futures rose:

1.19 $/ton to 168,47 $/t for solid winter HRW wheat in Kansas city

3.31 $/t to 208,24 $/t on a firm spring HRS wheat in Minneapolis.

• 0.09 $/t to 178,85 $/t for SRW soft winter-wheat in Chicago

as a result of lower export prices for Ukrainian wheat during the week have lost 100-200 UAH/t. Now in the port for wheat offer:

protein 11,5% - 215-217 $/t or 6800-6850 UAH/t,

forage – 206-208 $/t or 6650-6700 UAH/t

• protein 12,5% - 217-218 $/t or 6850-6950 UAH/t,