On Thursday the USDA its the January report launched in stock exchange's turnover several factors of the opposite action, at least for the States themselves.
The quarterly wheat stocks in the United States was significantly above expectations of 3.8% higher than the same period last year and the largest since 1987. The forecast of ending stocks the 2016/17 season for the United States was increased to 1.17 million tons.
Negative for the stock market factors you can add a failure for the United States export week.
However, all the negativity was blocked by estimation of the sowing areas of winter wheat for harvest in 2017. In the US it was the lowest in 107 years.
March quotes of the American wheat have risen:
soft wheat SRW in Chicago by $2.76 to 156,62 $/ton
hard wheat HRW in Kansas city for $4,78 to 163,41 $/ton
hard spring wheat HRS in Minneapolis by $210,91 of 4.59 to $/ton.
Translated by service "Yandex.Translation"
