After rapid growth in the wheat prices slightly decreased

Traders said the wheat market is very overheated, so yesterday they started to actively conduct sales and profits, which led to lower prices despite a strike in France and the results of the tender in Algeria.

According to preliminary data, Algeria yesterday at the tender purchased 400-500 thousand tonnes of soft milling wheat of arbitrary origin (mostly French) for March delivery at a price of 245 $/t C&F, which is 17 $/t higher than the purchase price of the previous trading session on 5 December when it purchased 500 thousand tons of wheat at a price 227-228 $/t C&F.

the Market for French wheat is close to 2-year high, but traders began to fix profit, and quotations sagged.

Despite the partial strike of port workers, the port begins to recover, and some boats were savantage export grain.

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• March futures for milling wheat on MATIF fell by 2.5 €/t to 197,75 €/t or 217,07 $/t

the Market for U.S. wheat after a rapid two-day growth to 1.5-year high and also began to fix their profits. Investors did not take into account either possible sprovedena Russia of quotas on the export or the reduction of wheat production in Australia, nor stop the export from France, no shortage of world wheat supply. Speculative exceeded bullish fundamental factors.

March wheat futures in the U.S. fell:

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by 2.76 $/t to 180,96 $/t for solid winter HRW wheat in Kansas city

2.48 $/t to 204,11 $/t on a firm spring HRS wheat in Minneapolis.

• 1.38 $/t to 212,28 $/t for SRW soft winter-wheat in Chicago