On the stock exchange of Chicago after upgrading a six-week low, wheat prices rebounded slightly. The price of grain stabilized due to technical buying held by speculators.
The French wheat market on Friday rebounded from the day low and has closed in green zone. To a large extent this was a reaction to the resurgence of optimism in Chicago. The Agency said Grain Online.
Activity on the stock market of French wheat was low due to holidays in the current week. The quotes of all fixed-term contracts went down, reacting to a speculative fall in Chicago. According to the AGN. Grain Online.
"Sovekon": world price of wheat rose to its highest level since August due to the deterioration of the species for a new crop
The price of wheat on world markets in recent days have been soaring, experts say "Sovekon". On Wednesday, the Chicago July futures contract closed at $5,27 per bushel ($193,5/t), setting a new high for the contract since August, to $5,34 ($196/t). With the closing last week, the market gained 6%. In the first half of Thursday market slightly, by 0.5%, reduced
In the grain market is stable situation
On Wednesday, the U.S. wheat market continued to grow. May wheat futures in Chicago rose nearly 3% to 7-week high
The nearest wheat futures last week decreased by 170,21 3,40 USD to USD. Last week wheat declined under the pressure of the very poor results of the export sales of old crop that were negative (USDA announced the cancellation of all export sales) and the largest cancellation was for delivery at 65.0 thousand tons in Japan)
The nearest future to 20.04.2018 fell by 9.37 USD 378,00 USD. Monday quotes continued declining and reached to 23.04.18 level 375,06 USD. One of the reasons for the decline in world prices of soybeans was the weakening of export demand from key buyer China, which was expected for a long time. So, export sales of soybeans last week amounted to 1,041 million tons (against market expectations of 0.9-1.4 million tonnes) being at the lower end of forecasts
The stock market winter wheat United States on Thursday continued its growth on the skepticism regarding the use of projected precipitation at the current stage of ripening. When this was ignored the fact the failed export of the week
The nearest wheat futures last week remained almost unchanged and increased by $ 0.09 to 173,61 USD. However, the overall market after a short growth that was observed from 6 to 10 April (reached 180,78 USD), began to decline and by 16 April had fallen to of 169.85 USD. Reasons for the decline in world prices was not much, but they were very good. So, first and foremost, the USDA's forecast for world ending stocks of wheat of the new season was increased by 2.3 million tons, which will undoubtedly put pressure on the quotes
The nearest future to 13.04.2018 grew by 7.53 USD to 387,37 USD. Substantive support to soybeans last week had a report of the USDA, which forecast the world soybean crop was substantially reduced (-6,05 million tonnes 340,857 million tons projected in March to 334,8 million tons). The reduction in the forecast touched in Argentina, and the decline was very significant (-7,0 million tons to 40.0 million tons)
The nearest wheat futures last week fell to 02.04.18 by 5.14 USD to 163,97 USD. Monday prices began to rise again and to 03.04.18 reached 168,10 USD.USDA conducted an assessment of the stocks of wheat in the country, which amounted to 1,494 billion bushels, which is 167 million bushels below last year's level. The biggest surprise for the market wheat was to evaluate the acreage, the forecast of which has been upgraded to 47,339 million acres (although the current level of crops continues to be the lowest since the beginning of the 20th century)
The nearest future to 02.04.2018 increased by 2.67 USD to 380,48 USD. If on March 21 the nearest future gradually decreased and on March 28 reached level 374,05 USD, by March 29, he again jumped to 383,88 USD.Export sales of the week amounted to only 317,511 thousand tons of soybeans old crop (if market expectations of 600-900 thousand tons), new – 69,717 kt (when market expectations 0-200 kt). Sales of soybean meal totaled 184,52 kt (when market expectations of 150-350 TMT), and oil 34,589 thousand tons (15-60 tons)
The nearest wheat futures last week fell to 23.03.18 by 2.75 USD to 169,11 USD. Monday prices began to decline even more to 27.03.18 reached 167,98 USD. Decrease in quotations of wheat from 16 to 19 March, it was due to the expectation of precipitation on the territory of the United States. Last weekend the rain greatly influenced the dramatic drop in prices. After the fall, 19 Mar wheat growing
The increase in the weekly indicators of the condition of winter wheat, and improved weather conditions in key areas of the wheat belt caused a new wave of speculative sales on the US stock exchanges on Tuesday
The nearest future to 23.03.2018 declined by 7.81 USD to 377,81 USD. The main pressure on the soybean market had a number of factors: the worsening of relations between the US and China, the increase in forecast estimates the acreage of soy (at the expense of corn), and relatively low results of export week. Thus, the results of the reporting week, the export of soybean amounted to 759,094 thousand tons, which was at the lower limit of market expectations (market forecast was 700 thousand tons -1,4 million tons)
Friday was the 4th trading day that wheat area in Chicago has completed growth. On the speculative market continues to rebound after a long deep fall
On Wednesday for nearly an entire day of American wheat was trading in deep red. The market lives in expectation of improvement of the crops of hard winter wheat after the recent storm of snow and rain, a new piece of much-needed precipitation may fall in the coming days
The nearest wheat futures last week fell to 16.03.18 7.81 USD to 171,86 USD. However, as of March 19, prices have stabilized and the fall has stopped. The price of wheat on 20 March was, therefore, 166,45 USD