On Monday, the futures of soft wheat in Chicago rose by almost 6%. It's the largest intraday increase since July 01, 2015

Weekend in the leading producing areas of the wheat belt in the U.S. was hit by heavy snowfall. Risks of crop damage has increased significantly.

The second factor stock growth was exports. In order to supply USDA inspected 574,588 thousand tons of wheat, which is close to the upper limit of expectations of experts (400-600 thousand tons).

On the background of the weather and export news investors covered short positions.

May quotes of the American wheat have risen:

• soft wheat SRW in Chicago for $162,68 of 8.91 to $/ton
• hard wheat HRW in Kansas city for $10,29 to 166,35 $/ton
• hard spring wheat HRS in Minneapolis at $3.31 to 202.00 $/ton.