The nearest wheat futures last week decreased by 170,21 3,40 USD to USD. Last week wheat declined under the pressure of the very poor results of the export sales of old crop that were negative (USDA announced the cancellation of all export sales) and the largest cancellation was for delivery at 65.0 thousand tons in Japan). The market, in turn, expect the level of 100-350 thousand. Naturally, such results could not fail to affect the quotes. An additional factor in the decline in prices of steel of the forecast of possible heavy rainfall in the territory of Kansas, which may significantly improve the condition of crops. However, it is to the environment, the excitement of the traders was intensified, as expected rains, according to experts, will not be as abundant, and unlikely to significantly improve the situation at this stage of the ripening of the crops. Meanwhile, the state of winter crops is not good enough and only 31% estimated USDA in "good-excellent" while last year these estimates was 54%. Spring crops sowing progress also goes with the low rates and spring sown wheat only 3% of the planned areas against 12% a year ago.
The market for wheat. At the end of the week to 20.04.18 the nearest wheat futures fell USD 2.84 to USD 200,26. European wheat in the past week have found support from the lower-side of Chicago. Factors pressure on prices was the improved weather conditions to move the planting. And evaluation to weak exports from the EU. So, for the week (as 17.04.18) were exported 333,0 thousand tons of soft wheat, which is 27.3 percent below the level last week. The total volume of exports since the beginning of the season from the EU % to 15.62 million tonnes, which is by 23.8% less than in the same preiod of last season.
The corn market for the reporting week fell by 3.83 USD to 148,22 USD. Export sales of corn amounted to 1,092 thousand tons (with expectations of 0.7-1.2 million t), by 29.97% higher than last week. The main buyer of the week was Colombia, which bought 246,3 thousand tonnes sales of corn of the new harvest was 112,22 thousand tons.
Translated by service "Yandex.Translation"