Better weather lowers wheat prices
Before the publication of the January USDA forecast balance quotes winter wheat on Wednesday accelerated the decline.
also on prices is influenced by the weather factor. Snow precipitation is expected in the States of Kansas and Oklahoma, must compensate for the lack of soil moisture.
a Sufficient level of snow cover in Russia and Ukraine will protect the crops from severe frosts.
the March wheat futures fell.
- by 2.94 $/tonne to 153,86 $/t for SRW soft wheat on the stock exchange in Chicago,
- to 2.39 $/ton to 158,64 $/t on HRW hard wheat in Kansas city.
However, at 0,09 $/tonne to 206,31 $/ton rose solid spring HRS wheat in Minneapolis.
the Price of European wheat on Euronext fell to 169 euros/ton.
In Ukraine continues to depreciate the hryvnia. The exchange rate as of 11 January on the interbank market dropped to 27.20 UAH/$, while 5 of January, he was 26,10 UAH/$. This has increased procurement rates in the national currency on the basis of CPT-port:
- 2 class 4950-5100 UAH/t,
- class 3 4900-5050 UAH/t,
- forage 4700-4800 UAH/t
Exchange rates remain unchanged.