Caused by frost speculative price increases for wheat continues

against the background of extreme frost in the regions of cultivation of winter wheat in the United States speculators continue to warm up the price of wheat.

extreme cold...-23 -20 degrees, and sometimes to -30 degrees with the Central and Southern Plains of the United States are moving South to Texas, in the fields where there is no snow, which increases the risk of damage to winter wheat. However, at the end of the week, the air warms up to 0 degrees and above. If at first it was about the damage to 15-20% of the crops, the spread of a cold front the risks have increased to 30%.

wheat Exports from the U.S. last week fell by 29% to 392,6 kt, and just season reached 17.4 million tonnes, which is 1.8% less than last year's pace.

the March wheat futures in the U.S.:

• by 2.48 $/t to 241,59 $/t for SRW soft winter-wheat in Chicago,
• 1.56 $/t to 234,24 $/t for solid winter HRW wheat in Kansas city,
• 1.65 $/t to 231,94 $/t on a firm spring HRS wheat in Minneapolis.

Price of French wheat to increase the risk of damage to the winter wheat crop in the United States up to 30% responded update 2-week high.

Traders await the outcome of the procurement tender in Algeria, under which delivery will be made up to two ports of the country, which gives additional benefits will malotonazhnym European courts.

• the March futures for milling wheat on MATIF rose 2 €/t to 230.5 €/t or 278,76 $/t

the March futures black sea wheat on the stock exchange in Chicago yesterday rose 2% to 284 $/t and the July – 1.3% to 241 $/t

In Ukraine, the procurement price of wheat in the port remain at the level 266-270 $/t. Traders are in no hurry to raise them, because the prices of the proposals on the basis of FOB Black sea does not exceed 280-285 $/t Manufacturers has increased sales by trying to sell grain at a high price before the period of sharp increase in sentences.

frosts in Ukraine does not exceed -20 degrees, so a high layer of snow saved the crops from damage, and also joined the reserves of soil moisture, which increases the prospects for future harvest.