After a speculative bubble, albeit small, was busted on Monday, Chicago began to inflate new on Tuesday.

Investors covered short positions amid weakening of the dollar.

Traders also closely watched purchasing tender in Egypt, where Cargill put 55 thousand tons of SRW wheat. This is a rare season counted in an attempt to participate in the tender of GASC wheat from the United States (in the previous tender application of hard wheat HRW did not even considered).

Moreover, the experts were guided by the Olympic principle "the main thing is not victory, the main thing – participation". According to them, luck has already become the fact of the presence on the tender, and also the fact that the FOB SRW wheat was fairly competitive: the price is 185 $/ton was $2.26 and is more expensive than the cheapest bids, but $4.5 cheaper than the most expensive.

The December U.S. winter wheat was grown

soft wheat SRW in Chicago for $0,64 to 148,53 $/ton
hard wheat HRW in Kansas city by $0.37 to 151,93 $/ton

Hard spring wheat HRS in Minneapolis has declined by $0.28 to 192,53 $/ton.