Wheat prices rose sharply on the background of severe frosts in the United States and the black sea region

severe frosts, which will last for the next 3 days in the USA, Ukraine and Russia, can lead to the death of winter crops with a low layer of snow. According to analysts, under the threat of freezing are 15-25% of crops, especially in the South of Ukraine and Russia, and in the States of Kansas, Texas and Oklahoma.

On forecasts of extreme frost the March wheat futures in the U.S. on Friday rose:

• 1.19 $/t to 233,96 $/t for SRW soft winter-wheat in Chicago,
• 2.11 $/t to 226,61 $/t for solid winter HRW wheat in Kansas city.

Fell 0.09 $/t to 226,34 $/t solid spring HRS wheat in Minneapolis.

Pakistan continues to buy wheat to ensure sufficient domestic supply and stabilize prices. According to "APK-inform", in July-January of the 2020/21 season, the country imported 1.4 million tons of Russian and 1.3 million tonnes of Ukrainian wheat.

Experts USDA's February report increased compared to January, the forecast assessment of the import of wheat to Pakistan in 2020/21 MG for 12%, from 2.5 to 2.8 million tonnes, of which 96% of the country is provided by the Ukrainian and Russian grain.

Ukraine for a week exported 101 thousand tons of wheat, and the whole season is 13.2 million tons, so until July 1 to ship another 4.3 million tonnes, or 226 thousand tons weekly.

the March futures black sea wheat on Friday fell by 0.2% to 280 $/t, while the July rose 0.8% to 240 $/t. This indicates a gradual decline in prices, especially given the seasonal increase in supply from producers and the fall in the price of Russian wheat to 275-280 $/t FOB.

Russia for a week exported 800 thousand tons of wheat, but in General, in the season of 30.5 million tons, which is 26% higher than the corresponding figure of the previous year.