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Global grain market: tendencies of the week
March futures for wheat to 27.01.17, decreased by 0.83 USD to 154,50 USD. Despite the very high rates of export sales of wheat quotes kholodilo the strengthening of the dollar
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Conjuncture of the world market of grain and leguminous crops: the cash and futures markets from 23 to 27 January 2017.

March futures for wheat to 27.01.17, decreased by 0.83 USD to 154,50 USD. Despite the very high rates of export sales of wheat quotes kholodilo the strengthening of the dollar. Export sales of the week amounted to 853,4 thousand tons for 16/17 MG and 103.9 thousand tons for 17/18 MG. Thus, net sales for the week exceeded the performance of last week 215,9% and the same period last year of 175.9%. An additional pressure on the Chicago market became a political factor in the inauguration of the elected President. Wheat remains the least profitable crop among other crops. Even corn is more confident with the support of the soybean. Acreage under crop, many farmers in the USA increasingly reduce, but reserves are too big in the short term, the market will continue to feel the pressure of oversupply.

The market for wheat. For the week nearest the futures on wheat increased by 0.59 181,31 USD to USD, but later futures continued to decline. EU wheat continues to feel the market more confidently.

 
The corn market in the reporting week was down, which was quite natural (soybean market, directly supporting the corn last week decreased as well). So, the nearest futures contract for the week fell by 1.28 USD to 142,70 USD. The situation in the corn market is similar to the wheat market. Despite a very high export sales of the week (1 370,37 thousand tons for 2016/17 MG and 21.0 thousand for 2014/18 MG) quotes declined under pressure from a stronger dollar. The total volume of accumulated obligations of the United States for corn exceeds the level of last year on the same date by 69%. In terms of the strong dollar, the desire of Mexico (announced last week) to look for a supplier with a more attractive price, the exporters can face significant challenges in the near future.
 
 
Export FOB price for crops
 
The export price of US wheat over the week grew by USD 1 to USD 178,0. US corn for the week fell by 1,0 162,0 USD to USD. Export prices of Argentine wheat for the reporting week amounted to USD 182,0, and corn – 184,0 USD.
 
 


Translated by service "Yandex.Translation"
Источники: Agro2b
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