Frost in the United States support price for wheat
Through lack of snow level part of crops of winter wheat in the United States, which are the main producers, affected by the December frosts.
According to experts, the USDA, in the state of Oklahoma as of December 31, only 25% of crops were in good to excellent condition, far below last year's figure at the same date, when these crops was 77%. For Kansas, the figure is 44% (against last year's 54%), Montana – 58% co – 40%.
it is Worth noting that in the near future weather forecasters predict a further decrease in air temperature in the wheat regions of the United States, however, the expected precipitation of snow will be able to protect the crops.
This information has contributed to the strengthening of prices on the U.S. exchanges.
the March wheat futures rose.
- 3,20 $/tonne to 156,44 $/tones of soft wheat SRW in Chicago,
- by 10.67 $/tonne to 202,07 $/tonne for hard spring wheat HRS in Minneapolis.
On Euronext, the price of wheat remained stable at the level of 170 EUR/ton or 179,96 $/ton.
the Price of Ukrainian wheat on the basis of CPT-port has decreased for two reasons: because of the decline in activity of traders on Christmas vacation and a sharp strengthening of the hryvnia to the level of 26.2 UAH/USD, compared 27,10 UAH/USD at the end of 2016 prices are Now the following:
- 2 gr 160-163 $/t or 4850-5000 UAH/t,
- 3 gr 158-161 $/t or 4800-4950 UAH/t,
- feed wheat 152-154 $/t or 4500-4700 UAH/t