Floods in the United States caused a rise in prices for wheat and corn

the Flooding in some elevators the floods in the Midwest may affect the quality of corn that will make it impossible to export.

the Final loss estimate will be published in June in the NASS report, so now the speculators are using the situation to heat up the corn market.

latest news On the corn futures in Chicago yesterday rose 2% to of 148.9 $/t. Prices also supported the rumors about the acquisition of Chinese state-owned company 180 thousand tons of corn from the United States.

Within weeks, the U.S. exported 855 tonnes of corn, which is 37% lower than in the corresponding week of last year and meets traders ' expectations, which amounted to 800-1200 kt

Wheat area in Chicago on Thursday traded in the red zone, however, concluded the session with a plus with the support of the neighboring corn market and news about the risks of sowing of spring crops due to the floods.

Weekly export sales of wheat came in below expectations and was only 298,5 thousand tons, which is 12.5% higher than the corresponding week in 2018.

May futures U.S.:

at 1.10 $/t to 164,24 $/t for solid winter HRW wheat in Kansas city.

• 0,64 $/t to 171,41 $/t for SRW soft winter-wheat in Chicago

After three days of growth fell by 0.09 $/t to 209,89 $/t hard spring HRS wheat in Minneapolis.

the Market for U.S. corn supported prices for Ukrainian maize, which rose last week in the port of 1-2 $/MT to 159-160 $/t or 5100-5150 UAH/t. the price Increase has increased sales, but some manufacturers hold the volume in anticipation of rising prices to last year's high of 175-185 $/t and declare their readiness to leave them until next season.

the prices of the domestic demand for corn for shipments in April-may remain at 171-172 $/t FOB, the rate of exports is quite high. In March already exported 2.5 million tonnes from the projected 4 million tons.