Wheat exchange, the US and the EU turned up
on Tuesday, the wheat ground of US played the previous three day decline and turned upwards, mainly due to speculative factors.
the price increase was influenced by information about the condition of the winter wheat crop, which in most of the major States producing was much worse than last year.
Additionally, the wheat quotations supported the nearby markets of soybeans and corn that grow on the news about the new White house policy in the field of biofuel use, restrictions on use in motor fuel are planned to be cancelled.
the March wheat prices in the U.S. rose
- in Chicago by 2.21 $/ton to 156,07 $/tones of soft winter wheat SRW,
- in Kansas city by 2.66 $/tonne to 165,80 $/tones on hard winter wheat HRW,
- in Minneapolis for 1.75 $/tonne to 198,32 $/tone for hard spring wheat HRS.
On Euronext wheat prices increased by 2 € /t after the results of the Egyptian tender where the Agency GASC bought 535 tons of wheat.
for the First time this season winning the tender was awarded to the French wheat, two parties of which 60 tons were purchased at a price of 197 $/ton and $199 USD/t FOB.
Also it was purchased wheat
from Russia 240 thousand tons at $ 198, on FOB
Romania 120tys tone on $ 198-200,5 on FOB
Ukraine. 60tys tons to 199.5 $ on FOB