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World market of grain crops: trends of the week
The nearest wheat futures last week rose by 1.65 USD to 158,27 USD. To 10.01.18 futures has grown to 159,56 USD. The main support to the wheat market continues to have weather in the U.S. where extremely cold weather for this time of year seriously threatens the future of the crop. So, most of the territory experienced the cold to -18 degrees, which is for crops that do not have a protective snow cover, is fatal
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Conjuncture of the world market of grain and leguminous crops: the cash and futures markets 01.01.2018 for 09.01.2018 G.


The nearest wheat futures last week rose by 1.65 USD to 158,27 USD. To 10.01.18 futures has grown to 159,56 USD. The main support to the wheat market continues to have weather in the U.S. where extremely cold weather for this time of year seriously threatens the future of the crop. So, most of the territory experienced the cold to -18 degrees, which is for crops that do not have a protective snow cover, destructive. Winterkill crop is confirmed for the territory of South-East Colorado, Kansas, Oklahoma, southern Missouri, Illinois and southwest Indiana. The relative increase on the exchanges while also active in anticipation of the USDA report. The market expects a reduction in estimates of sowing winter wheat and the number of speculative purchases on the stock exchange increased, driving the price up.

If by January 5, all of these factors actively influence the market, not to mention the pressures on quotations, resulting in lower prices up to this Thursday. Thus, the export wheat sales for the week amounted to a very small 130,963 thousand tons for old crop (if market expectations in the range of 225,0 up to 500 kt). such a low rate in export sales of American corn is associated with the season of Christmas holidays, and deposition of a large number of sales at a later period. A sharp drop in sales was characteristic not only for wheat but for corn market. This situation is not uncommon for the post-holiday time.

 

The market for wheat. At the end of the week to 05.01.18 the nearest wheat futures rose 3.4 USD to 193,64 USD. European grain has grown with the support of the nearby market of Chicago. However, the strengthening of the Euro often limits the rate of growth of quotations, and they are adjusted lower. It is also worth noting that the market experts were critical of the increased export forecast of soft wheat France (government Agency FranceAgrimer) in 2017/18 MG, which totaled 18,017 million tons (+59% above the level 2016/17 MG).

 

 

The corn market for the reporting week fell by 0.68 USD to 138,28 USD. As 10.01.2018 futures dropped even lower to the level of 137,4 USD.



Translated by service "Yandex.Translation"
Источники: Agro2b
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