"According to the Ministry of agriculture, in the current season of US will direct exports of 28.2 million metric tons of wheat, 34% more than the year before. This will prompt the USA to overtake on the export of Russia, which, according to forecasts, will deliver overseas 28 million tons," according to Bloomberg.

The last few years due to the strengthening of the dollar, American exporters were at a disadvantage, says Bloomberg. Now the dollar fell and the price of wheat from the USA also decreased. Last week, the United States has won the tender of world's largest importer of grain – Egypt, becoming the largest supplier.

"The tender last week was something of a watershed event", — said analyst for The Hightower Report in Chicago, Matt Connelly. According to him, if the United States will be included in the next tender, this will show that they took place in this market.

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