The rumors of Russia supported the quotations of wheat
the Quotations for wheat on Friday grew to speculative rumors about a possible restriction of export of grain.
the Information that Russian officials had unofficially asked the exporters to reduce exports, was the main topic of trading Friday.
the French wheat Market on Friday rebounded from the day low and has closed in green zone. To a large extent this was a reaction to the resurgence of optimism in Chicago.
In Europe, as in the US, still hope for the rapid depletion of Russia's exports. Exports of wheat from France for December was 19.4% less than in November, and 28.8% less than in December 2017, and the minimum volume since the beginning of the season for a month. Although since the beginning of the 2018/19 season, France exported 7,298 million tons of soft wheat, which is only 2.9% less than in the same period last season.
the March quotations of milling wheat on the Paris stock exchange MATIF rose by €1.25 to 204,75 € / ton (234,76 $/tonne).
on Friday, the wheat area in Chicago played a significant part of the losses of the previous trading day. Investors have made speculative purchases amid a sharp weakening of the dollar.
Traders are in anticipation of when China poche to fulfill its promise to purchase large volume of US agricultural products.
in addition, the exchange has again revived hopes for the fall in the rate of export of Russian wheat.
March quotes of the American wheat have risen:
- soft wheat SRW in Chicago by $2.11 to 190,88 $/ton
- hard wheat HRW in Kansas city by $2.11 to 185,37 $/ton
- hard wheat HRS in Minneapolis by $2.20 to 209,44 $/ton