The nearest wheat futures last week decreased by 2.02 USD to 166,17 USD. The main decrease in quotations began on 15 February and to the environment (21.02.18) the price level fell to 164,34 USD. The main pressure on prices was the rains that fell on the territory of the USA (Texas and Oklahoma), which gave opportunity to the market expected improvement in the condition of winter crops areas in the country. Already on Thursday, the prices started to grow again and by 27 February quotes strengthened, reaching a level of USD 170,2. If at the beginning of last week the quotations were down on expectations about improving the quality of crops after the recent rains, the monitoring of the USDA showed that the condition of crops yet satisfactory. So, in Kansas, only 12% of crops were rated "good/excellent" against 43% a year ago), and the Oklahoma – 4% (against 43% a year ago). Naturally, unjustified expectations spurred the quotes that began to grow more aggressive. Recall that the level of 170 USD wheat prices reached in July last year. Export sales of wheat last week amounted to 328,859 thousand tons, which was by 5.7% higher than last week, but 27.1% lower than the same date last year. The main buyer of wheat steel Philippines (150,0 thousand tons).

The market for wheat. At the end of the week to 23.02.18 the nearest futures for wheat grew by 2.94 USD to 200,69 USD. To 27.02.18 futures rose to 200,92 USD. European grain last week were more stable, as it was supported by both a weak Euro and the growing demand from Algeria as well as hope for the improvement of price competition on the Egyptian tenders. Russian export prices are up for a long time, allowing you to strengthen European grain, feeling more confident. However, it is worth noting that the wheat market in the current season is very sensitive to demand (high supply) and rising prices (according to experts) is reflected in the demand for French wheat. This means that it is possible European grain soon "rested" in the ceiling and will begin to decline.

The corn market for the reporting week fell 0.49 USD to 144,18 USD. By 27 February, the corn reached the level 145,86 USD. Export sales of corn for the reporting week amounted to 1,555 million tonnes (old crop). Sales of the new harvest was 65,532 thousand tons of Active exports helped to reduce the USDA forecast corn stocks in the current season.