In the short term is expected to strengthen the quotations of wheat futures on major exchanges in the U.S. and Europe.

Rabobank experts predict that the average price of soft wheat SRW in Chicago (CBOT) in the second quarter of 2018 will be about 173 $/ton, in the third quarter to 169 $/ton, in the fourth quarter – again about 173 $/ton.

It is also projected that the average price of soft French wheat on the MATIF exchange in the second quarter of 2018 will be 170 €/ton in the third quarter - 170 €/ton in the fourth quarter -173 €/ton.

Believe, experts of Rabobank in the Northern hemisphere, weather surprises, should not cause significant harm. Including is not considered a threatening situation in Russia and Ukraine.

Rabobank has lowered the forecast of wheat production in Argentina to 39 million tons, 3 million less than the USDA forecast and 2 million less than last year's collection. Forecast corn production in Argentina was reduced by 1.5 million tons to 28 million tons.

Photo: meduza.io