The price of wheat in the United States essentially played the previous losses
the Christmas holidays proved to be a useful market for American wheat. On Tuesday all major platforms played a significant part of losses of last week.
the Main factor was speculative: oversold market and the closing of short positions at the end of the month, quarter and year.
an Additional impact has implemented a USDA report. For export inspected 7.7% of wheat more than last week, and 67.5% higher than in the same period of the previous year.
the March wheat futures rose.
- 5.88 $/tonne to 150,46 $/tones of soft wheat SRW in Chicago
- by 4.59 $/tonne to 153,86 $/tone for hard wheat HRW in Kansas city
- by 3.03 $/tonne to 198,04 $/tone for hard spring wheat HRS in Minneapolis.
In Ukraine, on the contrary, the approach of the holiday reduces the purchasing activity, although the pace of exports exceed last year's level.
Ukraine in the course of a week shipped 320 tons of wheat, 50% of which was sent to India.
Russia last week has shipped 430 thousand tons of wheat.