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World market of grain crops: trends of the week
The nearest wheat futures last week rose by 2.12 USD to USD 164,15. Wheat prices strengthened up to 30.01.18, reaching a level of USD 168,01. The main support to the wheat market have had dry weather in the Southern and Central Great plains of the United States, which led to massive profit taking and closing of short positions by speculative funds
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Conjuncture of the world market of grain and leguminous crops: the cash and futures markets 29.01.2018 for 02.02.2018 G.

The nearest wheat futures last week rose by 2.12 USD to USD 164,15. Wheat prices strengthened up to 30.01.18, reaching a level of USD 168,01. The main support to the wheat market have had dry weather in the Southern and Central Great plains of the United States, which led to massive profit taking and closing of short positions by speculative funds. The number of short positions as a whole on the wheat market in Chicago fell by a third. However, the wheat market continues to experience pressure from excess supply, and since February 1, prices began to decline. Further pressure on the market had a lackluster performance of exports (which is natural in the conditions of price competition with cheap grain from the black sea region). Thus, the export sales of wheat totaled 515,145 thousand tons.

The market for wheat. At the end of the week to 02.02.18 the nearest wheat futures rose by 0.47 USD to 195,82 USD. The support of the European wheat had earlier in the week Chicago. Additional support to the market by a weaker Euro. The European grain at the moment, is actively trying to compete with Russian in the Egyptian market. While this struggle in favor of Russia. It is worth noting that in the extreme Egyptian tender prices of Russian wheat has grown substantially, which gave a chance to European grain. Also, European exporters count on successful participation in the tender of Saudi Arabia.

However, the decrease in quotations on the American stock exchange still put pressure on European grain and to the end of the week prices began their decline.

 

The corn market in the reporting week increased by 1.97 USD to 142,31 USD. To 2 Feb corn reached 142,31 USD. Export sales of old crop corn totaled 1,046 million tonnes, which was above the level as of last week and last year.



Translated by service "Yandex.Translation»
Источники: Agro2b
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