Wheat prices show a gradual increase

preliminary data on the yield of wheat in Ukraine, Russia and the EU exchange reacted with a slight growth of quotations.

with the rapid growth of Chicago and reduction experts USDA estimates of the sowing areas of wheat and maize of French wheat yesterday has updated a 2-week maximum.

the US blocked the negative results of the tender in Algeria, where the volume of purchases was lower than expected, and the victory was won mainly Baltic wheat.

the Algerian Agency OAS June 30, acquired at the tender 300 tons of soft milling wheat with protein 11%, and for September delivery at a price 217,5-218,,5 $/t C&F, almost the same price zakopal in the previous session on 12 may and slightly higher than the price of 4 July 2019

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• September futures milling wheat on MATIF rose by €1/t to 181,5 €/t or 204,29 $/t

Futures contracts on soft wheat in Chicago are rising 3rd day in a row after Friday fell to a contract low. Except for the speculators, they are supported by the data of the quarterly reports by the USDA.

the July wheat futures in the U.S.:

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by 2.57 $/ton to 162,59 $/t for solid winter HRW wheat in Kansas city.

• 3.22 $/t to 183,26 $/t for SRW soft winter-wheat in Chicago

Fell 0.74 $/t to 186,38 $/t hard spring HRS wheat in Minneapolis.

Hot and dry weather in the Krasnodar and Stavropol region contributes to the gathering, but the average yield will be lower than expected.

As of June 26, in Russia 435,7 thousand hectares harvested 1.3 million tonnes of grain with an average yield of 3.05 t/ha, in particular wheat – 270,8 thousand tons with a yield of 2.33 t/ha. last year on this date it was harvested 5.8 million tonnes of grain with a yield of 4.06 t/ha, in particular wheat, 2.5 million tonnes with a yield of 4.66 t/ha.

the Experts of Rusagrotrans estimated the grain harvest in Russia in the current season of 124.5-125 million tons, and exports – at 45.5 million tonnes, including wheat – 35.5 million tons.