Wheat prices remain stable
After the fall wheat quotes in Chicago on Friday, Monday French traders traded based physical demand. Victory for French wheat in the tender in Algeria supported the market.
offer Price of French wheat at tender was 228 $/t C&F, while the organizers were counting on the price level 224-225 $/t C&F.
- May milling wheat futures on the MATIF remained at the level of 163,25 €/t (201,19 $/t).
In the U.S. may futures pared some of Friday's fall. Investors began speculative purchases after the end of last week prices fell to a low of 1.5 weeks.
Supports prices drought in the wheat belt of the United States. Quotes for spring wheat show the greatest growth over possible problems with the winter wheat crop.
the May futures for U.S. wheat has increased:
0,64 $/t to 191,89 $/t for solid winter HRW wheat in Kansas city
by 2.57 $/ton to 229,46 $/t on a firm spring HRS wheat in Minneapolis.
- 0.55 $/t to 180,32 $/t for SRW soft winter-wheat in Chicago
After the jump in corn prices in Ukraine increased slightly, wheat prices. Today traders offer in ports:
protein 11.5% of 187-188 $/t or 5800-5900 UAH/t,
feed 178-180 $/t or 5650-5750 UAH/t
- protein 12,5% 188-190 $/t or 5850-5950 UAH/t,