Heavy snowfall in the US accelerates the fall in wheat prices in Ukraine

The fall in wheat prices on world stock exchanges accelerated the decline in wheat prices in Ukraine.

After heavy snowfall in the south and center of Russia, which covered crops with a layer of snow 20-50 CM, this week snow fell in the south of the Plains and in the state of Kansas in the United States. It will protect crops from Frost and replenish soil moisture reserves.

In Ukraine, there is little snow in the fields, but temperatures exceed normal, and forecasters promise new precipitation in the coming days.

Against the background of falling world prices, purchase prices for wheat in Ukraine accelerated the decline and decreased by 5 5-8/ton to. 290-294/ton.Hryvnia prices due to the strengthening of the hryvnia exchange rate to UAH 28.3/ т fell by UAH 100-250/ton to UAH 9300-9500/ton.

• March Black Sea wheat futures in Chicago fell вчора 2/ton to.314/ton yesterday, losing 5.7% over the week.

Tunisia purchased 100 thousand tons of European food wheat at a tender on February 1 for delivery in April at a price of 3 350.2/ton C&F, which increased pressure on European grain prices.

As of January 30, the EU (including France) exported 16.64 million tons of wheat, which is 1 million tons higher than last year's pace.

• March European wheat futures on Paris ' Euronext fell 5 €/ton yesterday to 264.25 €/ton or 2 298.4/ton, losing 6.3% of the price in a week.

In the United States, wheat prices fell 1-2% yesterday amid snowfall in Kansas and Texas.

March wheat futures fell:

• by 5 5.14 / ton to Чикаго 277.4/ton for soft winter SRW wheat in Chicago,
• by 6 6.15 / ton to H 282.7/ton for hard winter HRW wheat in Kansas City,
• by 2 2.57/ton to.333.6 / ton for hard spring HRS wheat in Minneapolis.