The week started with a sharp jump in wheat prices

Monday, wheat prices rose sharply due to forecast lower production in Australia by 2.9% to 16.9 mln t and in Brazil of 13% to 5.3 million tonnes, which would increase exports by 11 per cent to 7 million tonnes a Powerful heavy rains have worsened the quality of Argentine wheat, which are mainly exported to Brazil, which has increased sales of grain. Already contracted 7.2 million tons of wheat as against 4.5 million tonnes in the last season and 2 million tonnes on average over the 5 years.

Powerful support to the European market by the depreciation of the Euro. Wheat exports from the EU in the current season is 24% lower than the level last year and 5.89 million is Somewhat comforted market growth weekly wheat exports to 205,167 thousand tons.

Traders hope for a recovery in demand for European wheat in the near future, when reduced rates of Russian grain export.

• December futures on milling wheat rose on the Paris stock exchange on 2,5 €/t to 202 €/t or 226,96 $/t

the American wheat market started the week a sharp jump in prices. In Chicago, they grew by 3.5% against the closure of the investors short positions and expectations of increased demand for wheat from the United States early next year.

in addition, the price supported projected December decline, the maximum storage cost of soft wheat supply transactions CBOT.

the December wheat futures on US exchanges rose:

2.21 $/ton to 181,33 $/t for solid winter HRW wheat in Kansas city

3,40 $/t to 214,03 $/t on a firm spring HRS wheat in Minneapolis.

• by 6.52 $/t to 190,97 $/t for SRW soft winter-wheat in Chicago