The price of wheat froze in anticipation of the USDA report

the performance of global wheat production have already been identified, and it now remains to understand exports and balance at the end of the season. Obstacles funding of the US government prevented USDA release of the January balance of supply and demand, so market participants look forward to the publication of the report for February.

at the same time should exit the report forecast acreage under wheat, which will significantly affect the dynamics of prices.

Experts expect that due to reduced forecasts for wheat exports from the EU and the USA will be slightly increased assessment of the transient residues. According to the median estimate conducted by The Wall Street Journal survey of analysts, the USA will sow wheat, about 32 million acres, compared with 32.5 million acres last year. These data supported bit rates.

March wheat futures declined:

0.74 $/t to 187,11 $/t for solid winter HRW wheat in Kansas city

0,64 $/t to 210,63 $/t on a firm spring HRS wheat in Minneapolis.

• 0.46 $/t to 193,27 $/t for SRW soft winter-wheat in Chicago

usually, However, the February report does not become a driver of prices because it does not yet provide harvest estimates 2019/20 Mr.

the wheat Trading on the exchanges before the publication of the new report have been sluggish.

• March futures for milling wheat in Paris at the MATIF fell by 0.75 €/t to 203,5 €/t or 233,17 $/t. the Fall has limited the depreciation of the Euro.

the Good pace of wheat exports from Russia and Ukraine will let them go on the indicators of the December forecast USDA.