Wheat area in Chicago started the week with a growth.
Driving force was the risk to crops caused by strong frosts in the United States and some European countries, including Romania, Bulgaria, Ukraine and Russia.
March wheat futures rose.
1.47 us $/ton to 156.98 $/tone on SRW soft wheat in Chicago
1.84 $/tonne to 161,12 $/tone for HRW hard wheat in Kansas city
2.57 $/ton to 205,67 $/tone on a solid spring HRS wheat in Minneapolis.
Latest data from the European Commission show a moderate rate of export of grain at the end of last year. Exports from Europe exceeded 12.8 million tons, from France – reached 2.4 million tons. Last week, Algeria bought 475 thousand tons of soft wheat at a price 198-202 $/t CIF, probably Argentine and European descent. The price of wheat on Euronext rose to 171 Euro/ton.
In Ukraine remains on the pace of grain exports. During December 24 – January 6 from ports shipped 1,491 million tons of grain, including 491,2 thousand tons of wheat.
Price of wheat on the basis of CPT-port remains at :
2 class 160-163 $/t or 4850-5000 UAH/t,
class 3 158-161 $/t or 4800-4950 UAH/t,
forage 152-154 $/t or 4500-4700 UAH/t
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