Increased projections of export Rosva wheat prices

Thursday the driver of growth in the price of wheat at first was the increase in forecasts of wheat exports from the EU and data on large volumes of weekly U.S. exports, but in the end for the news of the signing of a trade agreement between the US and China has led to rapid growth of quotations.

Markets also support active procurement to international tenders.

South Korean Kofmia bought Australian wheat for delivery in may at a price 260,25 $/t FOB, while Japan at the weekly tender has acquired 171 thousand tons of wheat production of Australia, USA and Canada.

Tunisia today will hold a tender for the purchase of 92 thousand tons of soft and 100 thousand tons of durum wheat. In addition, there still remain open tenders in Ethiopia, Taiwan, and Syria.

Experts FranceAgrimer increased the forecast of exports of soft wheat from France in 2019/20 MG to 20,683 million tons, while the Agency Strategie Grains has raised its forecast for soft wheat exports from the EU to 29 million tons.

European quotes was also supported by the announcement of procurement tender Tunisia followed by Egypt, where the victory was won by French wheat.

• March futures for milling wheat on MATIF rose 1.25 €/ton to of 183.25 €/t or 204,84 $/t

American stock exchange on Thursday has grown on data on growth in export sales of US wheat for the week by 120% to 502,7 thousand tons, which exceeded expert expectations.

the Actual exports for the week rose by 68% to 389,5 thousand tons and since the beginning of the season amounted to 12.7 million tons.

Weatherman pay attention to the strengthening of the phenomena of drought in Kansas, which is the main wheat state that may soon affect prices.

March wheat futures in the U.S.:

by 4.41 $/t to 162,68 $/t for solid winter HRW wheat in Kansas city

1.75 $/t to 192,17 $/t on a firm spring HRS wheat in Minneapolis.

• by 4.04 $/t to 194,83 $/t for SRW soft winter-wheat in Chicago