Strong demand pushes prices up
Thursday, for the third consecutive day, wheat the U.S. market continued to rise. the driving force of steel weekly export sales that exceeded expert expectations and increased the total gap from the previous season.
compared with last season's sales total wheat grew by 36.4%.
the March wheat prices in the U.S. rose
- in Chicago, 0.28 $/ton to 159,65 $/tones of soft winter wheat SRW,
- in Kansas city at 1.10 $/tonne to 162,96 $/tones on hard winter wheat HRW,
- in Minneapolis 1.93 $/tonne to 206,13 $/tone for hard spring wheat HRS.
in the week before 31.01.17 EU countries exported 762 thousand tons of wheat, which is considered an essential volume for the current season. In General, in 2016/17 MG, the EU exported 14.7 million tons of wheat, which is less than were sold last season. The European Commission has increased the assessment of stocks of soft wheat to 10.2 million tons, but the export forecast was left at the level of 24 million tonnes.
Algerian state company OAS 01.02.17 acquired 585 thousand tons of wheat 203-207 $/t C&F.
the Export of grain from Ukrainian ports during the last week amounted to 705 thousand tons and exceeded the previous week 694,7 thousand tons of Wheat was shipped 294,2 thousand tons, corn – 410,8 thousand tons.
in General, in the 2016/17 season from Ukraine exported 9 million tons of corn and more than 12 million tons of wheat.