On Wednesday, the second trading day in a row, the market for American wheat was in the growth. On the one hand, investors continued to pare deep decline at the end of last – the beginning of the week, and have made speculative purchases.
On the other hand, the role played by the events of the real market. Despite the fact that US wheat at a recent tender in Egypt was again the only party, the fact that a record of purchases (535 tonnes), the world's largest importer was the reason for the enthusiasm of traders in the global export demand.
Appeared Trevoga concerning phenomena of drought in the wheat growing areas in the South American Plains.
Expectations of export sales of US wheat for the 3rd week in a row consistently are at the level of 300-500 thousand tons.
March quotes of the American wheat have risen:
soft wheat SRW in Chicago for $3.95 to 160,02 $/ton
hard wheat HRW in Kansas city for $5,24 to 171,04 $/ton
hard spring wheat HRS in Minneapolis for $4,96 to 203,28 $/ton.
Translated by service "Yandex.Translation"
