In the US recorded a speculative fall in the price of wheat

After the Christmas holidays trading on the wheat exchanges of the USA on Wednesday were minus. The investors have been speculative sales and profit recorded on the eve of summing up annual results.

the Sharp swings in oil prices, stocks, and indices has also put pressure on the market.

Fears of traders regarding the limitation of wheat exports from Russia was also not justified. The Minister of agriculture of the Russian Federation reported an increase of the forecast of Russian grain exports in the current marketing year to 42 million tons.

the wheat Futures in Chicago fell to the lowest since December 6 level, as traders understand the lack of competitiveness of American grain in comparison with the Russian wheat.

March wheat futures declined:

by 2.57 $/ton to 182,06 $/t for solid winter HRW wheat in Kansas city

4,50 $/t to 201,81 $/t on a firm spring HRS wheat in Minneapolis.

• to 2.39 $/t to 187,39 $/t for SRW soft winter-wheat in Chicago

prices In Europe supported the European Commission reduced the production forecast for wheat by 0.6% to 128,5 million tonnes, although evaluation of its exports were left unchanged at 20 million tons.

• wheat Futures on Euronext rose by 0.5 €/t up to 205 €/t or 233,3 $/t

the Purchase prices of Russian wheat continue to grow, especially for grain with a protein of 12.5%.

According to the Agency "Rusagrotrans", in the course of a week purchase prices for milling wheat with protein 12,5% increased:

to supply the "dry" ports – 300 RUB/t to 13,6-13,7 thousand rubles (without VAT).

• for delivery FOB – deep-sea ports in January by 0.5-1 $/t to 236-237 $/ton, in February to 238 $/t, or 500 rubles/ton up to 14-14,5 thousand rubles/ton,

experts believe that the price increase helps reduction proposals, which has already led to a slowdown in exports, increased demand from exporters, who accumulate the necessary amounts of grain in anticipation of new year holidays, as well as the devaluation of the ruble by 3% over the last week.

during the period 1-23 December, the Russian grain export has decreased compared to the same period last year by 17% to 3.03 million tons, in particular:

corn – 324 to 228 thousand tons,

barley with 370 to 168 thousand tons.

• for the wheat – to 2,923 2,596 million tons,