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The wheat exchanges going on speculative growth of quotations

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After a long fall of wheat stock exchange yesterday showed a slight increase.

the European Commission has increased the forecast of wheat production from 128,7 million tons in 2018 of up to 140,8 million tons in 2019.

However, due to voted by the parliaments of Scotland and Wales by the decision of the objections to the British exit from the EU, the depreciation of the Euro 1,138 $/€ 1,129 to $/€ has supported prices.

the May futures for milling wheat on Paris Euronext was up 0.5 €/t up to 187,5 €/t or 211,93 $/t

In the US, investors began to actively pursue speculative buy and close short positions, which led to higher wheat prices. The reason are report data on deterioration of the winter wheat crop in some States. In particular, in comparison with the previous week the number of crops in good or excellent condition in Kansas has decreased by 25 to 49% in Texas and 36% in Oklahoma remained at 53%.

in the Near future the growth in wheat prices in the United States will be limited to low export demand and substantial global stockpiles.

the Syrian news Agency Hoboob March 4, acquired at the tender of 200 thousand tons of milling wheat (presumably Russian-made) at a price of 252 $/t C&F, which on an $8/t lower than at the previous auction on February 19.

May futures U.S.:

by 3.03 $/t to 165,80 $/t for solid winter HRW wheat in Kansas city

1.29 $/t to 204,11 $/t on a firm spring HRS wheat in Minneapolis.

by 2.66 $/t to 170,03 $/t for SRW soft winter-wheat in Chicago

the Increase in forecast wheat production in Russia to 2019 to 78-81 million tonnes pressure on rates black sea wheat of the new harvest.

In Ukraine, amid predictions of a good harvest forward prices for wheat are reduced. Now for supplies in port in July and August traders offer for wheat:

protein 11,5% – 170 $/t,

forage – 160-162 $/t

protein 12,5% – 170-175 $/t,

Sowing campaign in Ukraine began a month earlier than last year. As of March 4, Zaporozhye, Odessa, Nikolaev, Kherson and Chernivtsi regions have started sowing of early spring grains, which in General is planned to sow 2,284 million hectares, in particular:

peas – 347 thousand hectares

wheat – 175 thousand hectares.

barley – 1,571 million hectares,

in addition, the square 3786,1 thousand hectares (50% of the planned) conducted fertilizing of winter grain, in particular:

barley – 1007,7 thousand hectares (60% of plan)

the rye – on 115 thousand hectares (22% of the plan).

wheat – 6449,3 thousand hectares (49% of plan)
 
https://graintrade.com.ua
 

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