The slowdown in wheat exports puts pressure on stock prices

Grain exchange started the week with a speculative reduction of prices. Traders understand that only lower prices will increase export of wheat from the US and the EU.

the European Union per week exported 168.1 thousand tons of wheat, which is 26% lower than the level last year, and since the beginning of the season exports amounted to only 9.2 million tonnes despite the forecast USDA 22 million tons.

• wheat Futures in Paris fell by 0.75 €/t up to 205 €/t or 234,24 $/t

reduces the competitiveness of European wheat the strengthening of the Euro against the dollar to the level of 1,143.

U.S. markets also started the week with a fall on the news of the reduction of the weekly exports of wheat from the USA at 31% to 362,1 thousand tons, which is 37.7% lower than in the previous MG. Since the beginning of the season, the United States exported to 14.38 million tonnes of wheat despite the forecast USDA at 27.2 million tons.

the Commodity markets are falling under the influence of a government crisis, which after February 15, you may continue.

March wheat futures fell:

1.01 $/t to 186,19 $/t for solid winter HRW wheat in Kansas city

0.28 $/t to 210,90 $/t on a firm spring HRS wheat in Minneapolis.

• 0.46 $/t to 190,60 $/t for SRW soft winter-wheat in Chicago

Russia resumes grain exports after the holidays. For the week, wheat exports increased by 24% to 547 thousand tons Since the beginning of the season already exported 26 million tonnes, while the agriculture Ministry forecasts exports at 36 million tons.

in Egypt today to hold another tender for purchase of wheat, which will become a marker for the market of Russian wheat, prices of which have risen significantly.