Wheat prices show speculative growth
Yesterday due to speculators in wheat, Paris and Chicago a few played the previous fall.
the Agency FranceAgriMer in the March report again reduced the forecast of wheat exports in the season 2017/18 compared to the February report by 2.4% to 17,142 million tons, 16.6% less than the record of the 2015/16 season and 51.2% higher than the unsuccessful 2016/17 MG.
- May futures milling wheat on MATIF rose by €1/t to 165 €/t (204,14 $/t).
In Chicago winter wheat futures slightly rose because of the deteriorating condition of winter crops in the main production state – Kansas.
According to Allendale, the amount of acreage under wheat in the United States in 2018 will exceed last year to 880 thousand acres and reaches 46,889 million acres.
the May futures for U.S. wheat has increased:
1.65 $/t to 192.81 $/t for solid winter HRW wheat in Kansas city.
- 0.83 $/t to 179,58 $/t for SRW soft winter-wheat in Chicago
However, fell by 1.38 $/t to 228,45 $/t hard spring HRS wheat in Minneapolis.
the Real price of the market will show today's tender for purchase of wheat in Egypt.
the Russian news Agency IKAR has increased its forecast of wheat exports from Russia to 2017/18 MG 1 million tons to 38.5 million tons of Warm winter promotes active sales, which will achieve the forecast export performance. As of March 14, Russia exported 28.4 million tons of wheat.
Ukraine as of 12 March exported 13.4 mln t of wheat at the forecast of experts of 17 million tonnes.