Hopes for the growth of world trade volume of wheat has revived the markets
Trading Thursday ended with growth in all three wheat exchanges of the US.
the Market has revived hopes for an improvement in world demand for export crops. Large-scale procurement tender for 715 thousand tons of declared Saudi Arabia. India zeroed import duties, and experts are already talking about a possible increase in Indian external purchases of up to 5 million tons.
Directly in the States themselves, the sales volume of wheat exports has exceeded expectations of experts. As before, demand is high protein hard wheat. This fully reflects the characteristics of the current season in the world. Sales of hard winter wheat HRW since the beginning of this season at 91.4% ahead of the figures for the previous season.
with respect to the March wheat prices, their numbers increased to the following marks:
• soft wheat SRW in Chicago by $ 2.66 to 150,00 $/ton;
• hard wheat HRW in Kansas city for $ 1.75 to 148,72 $/ton;
• hard spring wheat HRS in Minneapolis by $ 0.74 to 195,11 $/ton.
the price of wheat in Europe and the black sea region remain stable. This week, the European Union exported to third countries 87,92 thousand tons of soft wheat, which is 79% less than a week ago and 77% less than the average for the month.
wheat Exports from Ukraine is ahead of last year and amounted to more than 10 million tons since the beginning of last year.