The price of wheat in Chicago surged due to a recovery in exports
Published yesterday data on weekly export of grain from the United States cemented the trend of rising prices for wheat, observed the day before.
compared To the previous week's export sales grew by 32% to 796,285 thousand tons, which is 167.4% higher than the corresponding week last year.
Advanced support prices risks of damage enough of the snow-covered fields of winter frosts, which are expected next week.
March U.S. wheat futures rose:
0,64 $/t to 155,88 $/t for solid winter HRW wheat in Kansas city.
- 1.29 $/t to 156,89 $/t for SRW soft winter-wheat in Chicago
has Fallen in price on 0,28 $/t to 226,70 $/t hard spring HRS wheat in Minneapolis.
the Paris stock exchange on Thursday ignored the growth of Chicago and under pressure from the strong Euro and deteriorating export prospects for French wheat continued to fall.
- March delivery milling wheat on MATIF fell by 0.5 €/t to 160,25 €/t (190,21 $/t).
prices of Ukrainian and Russian wheat protein 12,5% on the basis FOB – Black sea ports remain at 190-191 $/t. Experts believe that the condition of winter crops in Ukraine and Russia better than last year, giving the hope of a good harvest in the new season.