Under pressure from fundamental factors, wheat prices resumed the fall

Despite the growth of stock indices and markets soy and corn, wheat futures drop under the pressure of fundamental factors.

Chicago Wednesday went down sharply against the background of increasing of the forecast of world wheat production and the strengthening of the dollar. To substantially increase wheat production plans Australia. After increasing the government of Argentina export duties on soybeans, farmers will significantly increase acreage of wheat, the duty on which has been left unchanged.

weekly Export sales of wheat from the United States, experts predict the level 350-600 thousand tons.

the May wheat futures in the U.S. fell:

the

1,84 $/t to 166,54 $/t for solid winter HRW wheat in Kansas city

1.75 $/t to 194,46 $/t on a firm spring HRS wheat in Minneapolis.

• 3.31 $/t to 190,42 $/t for SRW soft winter-wheat in Chicago

the Market for French wheat after a speculative growth yesterday turned down after Chicago. Against the background of further spread coronavirus traders have sharply reduced activity, and farmers have reduced sales due to falling prices.

the

• the May futures for milling wheat on MATIF fell by 0.25 €/t to 184,25 €/t or 205,26 $/t

Additional markets under pressure from the decline in export prices for Russian wheat due to the depreciation of the ruble, and another increase in forecasts of world production and residues of wheat.