On the physical market wheat prices are rising on the stock exchanges are falling
on Thursday, the U.S. wheat futures fell 1.3-1.6% of the data about reduction of volumes of the weekly exports of wheat from the United States to the 162.8 thousand tons.
the Second factor of pressure on prices was forecast for rain on the weekend in the growing regions of winter wheat. According to the weekly monitoring of the area of drought for the week increased by 5.1% to 81.8% in Kansas and 1.5% to 42.4% in Oklahoma.
the May futures for U.S. wheat fell:
by 4.13 $/t to 188,68 $/t for solid winter HRW wheat in Kansas city
at 2.30 $/t to 226,15 $/t on a firm spring HRS wheat in Minneapolis.
- by 3.67 $/ton to 175,91 $/t for SRW soft winter-wheat in Chicago
Quotes French wheat was supported by the depreciation of the Euro, prices in the physical market and the results of the Egyptian tender where yesterday the Agency GASC bought 120 thousand tons of Russian and 120 thousand tons of Romanian wheat at the price 233,71 $/t CFR, which is 3 $/t exceeds the purchase price of the previous trading session. On the basis of FOB price of wheat amounted to 217 $/t and 218,79 $/t respectively. The rise in prices of Russian wheat to the European level will allow to increase export of grain from the EU, which last week was only of 113.7 thousand tons.
- May futures milling wheat on MATIF rose by 0.5 €/t to is 165.5 €/t (203,9 $/t).
In Ukraine, wheat prices remain stable. For wheat, protein 12.5% of the offer in the port 190 $/ton, despite the rapid growth in corn prices, which already reached the level 195-197 $/t