On Tuesday, U.S. wheat market there was a rebound. In part, he wore a speculative nature, investors pulled back after a 3-day deep fall.
To warm up the affected exchanges and data about the condition of crops of winter wheat, in all the key States, it was worse than last year, in some areas significantly worse.
In addition, support for wheat has increased in neighboring markets of corn and soybeans, where the rally was triggered by the announcement of the new policy in the sphere of consumption of bioethanol and biodiesel. The white House announced the lifting of regulatory restrictions on the use of these additives in motor fuel.
March quotes of the American wheat have risen:
soft wheat SRW in Chicago for $2.21 are to 156,07 $/ton
hard wheat HRW in Kansas city for $2.66 to 165,80 $/ton
hard spring wheat HRS in Minneapolis for $1.75 to 198,32 $/ton.
Translated by service "Yandex.Translation"