However, in the second half of the week the rate falls, the trading on Friday closed at $4.48 million per bushel ($164,6/t) vs $4.50 per bushel ($was 165.3/t) a week earlier (-0.4 per cent). In the report of the statistical offices, USDA NASS forecast of production of all wheat in the United States in 2017 amounted to 47,4 million tons (+0.1 million tons for the September report, USDA), while the market expected a decline to an average of 46.8 million so Unexpectedly high was the forecast of the harvest of spring wheat – 11.3 million tons (+0.4 million tonnes), 0.9 million tons exceeded the average market expectations.

The upward trend prevailing in the market since the first half of September, were broken. Today, the decline in prices in Chicago continues.

September strengthening of prices in Chicago largely contributed to the growth of export quotations of Russian wheat, has risen in price per month $13 to $194/ton last week (12,5%, FOB). The reversal of the U.S. market – a bad signal to Russian export prices.

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