Before the publication of the USDA report, speculators rospryagayte wheat prices

Before the publication of the January report USDA traders buying wheat futures amid forecasts for a reduction in sowing areas of wheat in the United States and the outcome of the tender in Egypt.

Despite the slight drop in trading activity of investors, the market for French wheat rose after the Chicago and maintain a good export. In December, France exported 1.34 million tonnes of soft wheat, which is the largest December figure since 2013, when it was sold 1,41 million tons Is due to a reduction in Russian wheat exports and increase exports to China, which in December acquired 235 thousand MT of wheat, compared to 105 thousand MT a year ago, although I rarely buy French grain.

the Main buyer of French wheat in December left Algeria, which has acquired 477 thousand tons compared to 563 thousand tons in December 2018

6 months 2019/20 MG France increased compared to the same period of the previous season, the export of wheat by 16.5% to 5.13 million tons.

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• March wheat futures on the MATIF rose yesterday for 1.75 €/ton to almost a year high - 191,75 €/t or 212,94 $/t

Grain exchange of Buenos Aires increased the forecast of wheat production in Argentina in 2019/20 Mr from 18.5 to 18.8 million tons.

Wheat exchange in the United States grew on expectations of a reduction in new report USDA the world's reserves of wheat and sowing areas of winter wheat in the United States, and also against the background of rising world export prices for wheat, which was confirmed by the results of the tender in Egypt.

March wheat futures in the U.S.:

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3.77 $/t to 180,13 $/t for solid winter HRW wheat in Kansas city

1.56 $/t to 202,82 $/t on a firm spring HRS wheat in Minneapolis.

• 3.49 $/t to 206,59 $/t (the highest since June 2019 level) on soft winter SRW wheat in Chicago

black sea wheat continues to rise. Bid prices of Russian wheat protein 12.5%, and February delivery rose to 223,22 $/MT FOB, while demand increased by only 1-2 $/t 219-220, up to $/t

Russia per week exported 568 thousand tons of wheat, and from the beginning of the season was 21.7 million tons, which is 14% lower than in the same period of the previous season.

In Ukraine the price of wheat increased by 2-3 $/t to 200-203 $/t or 5650-5700 UAH/t for food and 194-198 $/t or 5000-5600 UAH/t for feed wheat. Prices supports the growth of dollar rate from 23.3 to 24.1 grn/$.