The growth markets of soybeans and corn to 6-year high support prices for wheat
With the support of the growing markets for soybean and corn wheat American stock exchange yesterday, pared some losses of the previous session.
the March soybean futures rose to 6.5-year high on the news from Argentina, where due to the strike of the workers of processing enterprises and grain inspectors in the ports blocked more than 160 ships with export slashpackage in the amount of $ 1.4 billion. After the soybeans March futures have also updated to 6.5-year high.
the March wheat futures in the U.S.:
the
by 2.94 $/t to 214,95 $/t for solid winter HRW wheat in Kansas city
1.38 $/t to 213,29 $/t on a firm spring HRS wheat in Minneapolis.
- 1.56 $/t to 227,26 $/t for SRW soft winter-wheat in Chicago
the Market for French wheat yesterday received support from Chicago and the ads tender purchase by Algeria, where the high chances of winning the European wheat.
the
- the March futures for milling wheat on MATIF rose by €1/t to 212 €/t or 260,55 $/t
In Ukraine, purchasing prices for wheat at the ports rose to the highest in this season the level of 245-250 $/ton after prices for Russian wheat. The number of proposals is limited as farmers are holding back sales in anticipation of the entry into force of the law on VAT reduction for farmers from 20% to 14%, which will save on budget expenditure, although the decline VAT paid therefore reduce prices.
winter Crops in Ukraine are in good condition, but farmers are concerned about the lack of snow, which increases the risk for crops in the event of coming frost. Over the next two weeks is expected to warm weather to 5 degrees with a slight rain, so the weather factors do not affect rates.
In the United States and Russia on fields of winter precipitation in the form of snow, which reduces accumulated since the autumn moisture deficit, but enough cannot replenish soil moisture reserves.
