The activation of the imports of wheat stirs global markets
on Friday, the U.S. wheat market continued its growth. In the absence of fresh fundamental news investors play the previous fall, making a speculative purchase.
the Chicago stock exchange supported the growth of quotations in the Kansas city and Minneapolis, which is due to the buoyancy of world demand for wheat with high protein content.
the Decline of the dollar to its lowest in 5 weeks figure is also supported prices.
May the wheat prices in the U.S. rose
- in Chicago 0.09 $/ton to 160.29 $/tones of soft winter wheat SRW,
- in Kansas city for 1.75 $/tonne to 166.63 kop $/tones on hard winter wheat HRW,
- in Minneapolis 0.37 $/tonne to 201,72 $/tone for hard spring wheat HRS.
due to the falling prices for agricultural products increase in the activity of importers. Egypt bought 420 thousand tons of wheat, Algeria – 480 thousand tons at a price 204-206 $/t CIF for delivery in may. The tender for the purchase of 1.5 million tons of feed barley for delivery in may-June declared Saudi Arabia.
Again, increased rate of export of grain in European countries outside the EU. Since the beginning of the season the exports of wheat amounted to 17.1 million tons, of which the share of the French grain is about 20%.
Euronext may wheat futures rose to 172 Euro/ton.