Wheat prices recovered slightly after falling

After the fall last week, on Monday, wheat prices recovered somewhat.

Assessment traders and experts USDA with respect to the acreage of corn and wheat are very different, so this factor will affect prices.

wheat Futures in Chicago rose yesterday by 1.7% to 170,2 $/t supported by a nice export of wheat from the United States, who last week increased by 8.8% to 418,4 thousand tons.

According to report USDA in good or excellent condition are 56% of crops of winter wheat in comparison with 32% on this date last year.

the price of wheat on Euronext rose on the background of increased exports and hopes to win the European wheat on the tender in Algeria. For the week, the EU exported 482,2 thousand tons of wheat, and overall in the season with 14.14 million tons, so the gap from the previous season was reduced to 7%.

• May futures for wheat rose 1.25 €/t 187 €/t or 209,38 $/t

the Competitiveness of European grain increases the depreciation of the Euro. Now on the physical market the most competitive suppliers of wheat with protein 11.5% of the remain France and Argentina, which offer her 215-216 $/t FOB.

Due to the reduction of reserves and deficit proposals, the price proposals of Russian wheat protein 12,5% remain at 225-230 $/t FOB, with a protein of 11.5% to be $220/MT FOB for shipments in April-may. Exports of wheat from Russia for a week has decreased by 43% to 316 thousand tons.

In Ukraine, the supply of wheat from producers have also declined, but traders are reluctant to raise prices in order to attract the necessary parties. For the week, wheat exports declined by 59% to 107 thousand tons.

the price of wheat at the port remain unchanged at:

protein 11.5 per cent 203-204 $/t or 6500-6550 UAH/t,

forage - 194-195 $/t or 6100-6300 UAH/t

• protein 12,5% - 203-205 $/t or 6550-6600 UAH/t,