Conjuncture of the world market of grain and leguminous crops: the cash and futures markets 23.10.17 for 27.10.17 G.

The nearest wheat futures after a decline 20.10.17 rose slightly and reached to 24.07.17 level 160,94 USD, but 27.10.17 the city continued its decline and by the end of the week amounted to 156,98 USD (+0,46 USD per week). Weekly growth is more of a jump in prices in the middle of the week, but it is worth noting that quotes on 30 and 31 October continued its decline. Export sales of wheat for the week were in the lower range of expectations (300-500 kt), amounting to just 360,584 thousand tonnes, a key buyer of wheat were Japan (137,4 thousand tons). The decline in export sales was not for the market by surprise. General downward trend since the beginning of September until unchanged. For wheat, the US continues to exert pressure high competition, low export sales, forecasts high yield for most of the world wheat exporters, the strong dollar relative to many currencies of the countries-exporters. However, despite the key pressures on wheat prices until the market reached last year's minimum level in 132,64 USD (31.08.17).

The market for wheat. At the end of the week to 27.10.17 the nearest wheat futures declined 0.82 USD to USD 189,18. While the European grain continues to decline, but saves him from a stronger reduction of a weakening Euro to more actively compete for international tenders (e.g., tender of Saudi Arabia).

The corn market in the reporting week increased by 1.67 USD to 137.29 USD. Export sales of the week amounted to 1,288 million tons, which was above trade expectations (0,8-1,2 million tonnes) and of course supported the market. The main buyer of corn were Japan (257,5 thousand tons). According to the monitoring data USDA, October 22, in the country under a winter wheat crop was sown on 75% of acreage (60% a week ago and 78% a year ago and 80% on average for 5 years). Seedlings were given 52% of crops of winter wheat (58% a year ago and 57% on average for 5 years). Harvesting corn produced on 38% of the area (28% a week ago and 59% a year ago and 59% on average for 5 years). "Good-excellent" estimated 66% yield (65% a week ago and 74 percent a year ago).