According to the weekly monitoring of "SovEcon", the average price of wheat 4 cells increased by 275 rubles to 8600 RUR/t, 5 KL – 100 rubles to 7425 RUB/t (EXW average prices in the European part). The barley price increased by 50 rubles to 7875 RUR/t, maize – 175 RUB/t to 8150 RUB/t Wheat 3 cells left to RUB 9050/t

Export prices for wheat with 12.5% rose $3 to $213/t (FOB deep water ports), despite the weakening of the world market (-2% in Chicago). This is the highest price level since the season of 14/15. Average corn prices have not changed, remaining at $203/t.

Experts "Sovekon" advise owners of grain to closely monitor the market. The current level of wheat prices, in our view, look attractive for the sale of inventory in some regions. Fundamentally it is very interesting from the point of view of growth prospects it looks like the corn market, where stocks at the end of the season we are projected at a record low. According to Rosstat, as of 1 April, the inventory of culture in Russia totaled 3.3 mln tons (4.3 per GCG).

Photo: eostrace.be