Wheat prices continued to fall
Long drop in prices of soft wheat in Chicago was on the market for wheat. However, the victory of Romanian wheat in the Egyptian tender has supported prices and gave hope to the European traders on the intensification of EU exports amid rising prices for Russian wheat.
the Predicted weekend freeze in the EU, Ukraine and Russia will be able to support the quotes, although it should, according to experts, causing significant damage to crops.
- May futures milling wheat on MATIF fell by 0.75 €/t to 164,75 €/t (202,4 $/t).
Quotes of U.S. wheat on Friday continued to fall. During the week the price of wheat lost to 4.03% in Kansas and 4.39 percent in Chicago.
the Main driver of steel prices precipitation, which had a nice weekend and are forecasted for Monday and Tuesday in Kansas. Thus the Western part of Oklahoma and Texas continue to suffer from moisture deficit.
the May futures for U.S. wheat fell:
by 5.14 $/t to 183,53 $/t for solid winter HRW wheat in Kansas city
1.38 $/t to 224,78 $/t on a firm spring HRS wheat in Minneapolis.
- by 4.04 $/t to 171,87 $/t for SRW soft winter-wheat in Chicago
In Ukraine frosts at the weekend reached 15 degrees, and in some regions have fallen 10-20 cm of snow, so any problems for winter wheat should arise. The soil moisture reserves this year will be quite significant, so we can expect a bountiful harvest.
As of March 16, fertilizing of winter crops carried out in 1.8 million ha or 24% of the planned areas, and will actively continue after the temperature rise.