Wheat prices rose more than 6% on the Chicago and Kansas stock exchanges

A series of new bulls yesterday combined to raise wheat prices to over 6% at the Chicago and Kansas stock exchanges . The reaction of the operators was linked to the fact that the decline in production forecasts for Russia added to the possibility that the European Union (EU) harvest is the lowest in six years and that the yields US Spring Cereals Well Located

Chicago Stock Exchange Commissions Show Increases of US $ 11.94 for September and December Contracts with Adjustments of 199.43 and 206, $ 41 a ton. . In Kansas, the same positions yielded $ 11.39 and $ 11.30, while their prices were $ 198.69 and $ 208.06.

Yesterday, consulting firm Strategie Grains estimated the volume of soft wheat harvest in the EU, below the 132.40 million expected at the beginning of this month and 141.80 million collected in 2017 Laurine Simon, an badyst at the firm, told Reuters that "it would be"

In the United States, yesterday's Wheat Quality Council agricultural tour yielded an average return for the south of the United States. North Dakota and surrounding areas of South Dakota 26, 16 quintals per hectare, above the 25.49 lean quintals of 2017, but far from the average of 30.06 quintals of the last five years and 32.28 quintals estimated by the USDA in its latest monthly report 19659004] Spring wheat accounts for about 25% of the total supply of either the United States or North Dakota is the main producing state of the United States. variety.

As for Russia, the problems derived from drought, which have After harvesting and reducing harvest expectations, wet weather is now added, which complicates the harvest and affects the quality of the peaks, with cases of grain germs. The consulting firm IKAR yesterday held in 70 million tons its forecast for the closing of the campaign (in 2017 nearly 85 million were collected) and rejected that there could be some kind of restrictions on exports . In the 2017/2018 cycle, Russia exported 40.44 million tonnes of wheat, according to consulting firm SovEcon.

On the local market, external increases accentuated the firmness of wheat prices in the new crop. In fact, the exporters' proposals in the Greater Rosario region rose from $ 195 to $ 200 for grain sold between November and December, and from $ 200 to $ 205 for January shipments. In addition, for February / March grain, interested parties proposed $ 210.

The slates of Buenos Aires futures market (Matba) rose $ 6 for positions in January and March, of which With regard to the value of available wheat, yesterday, the export offered 5700 pesos per ton for the Gran Rosario region and 215 dollars for Bahía Blanca, unchanged.

The Grain Exchange of Buenos Aires (BCBA) reported that mills paid between 5900 and 6800 pesos per ton of wheat, depending on the quality, origin and form of payment.

The day before yesterday, the Directorate of Planning and Market Analysis reported that 18 of the current exporters bought 3,278,100 tonnes of wheat 2018/2019, 17.38% more than the 2,792,800 tonnes acquired a year ago. In addition, it revealed that the export application already processed affidavits of foreign sales for 3,742,000 tons of grain, a volume that implied a weekly growth of 13.67% over 3 292 000 tonnes published by the agency in its previous report

Firmness of corn, calm of soy

Per ton of Argentine corn available, exporters paid 4400 pesos yesterday for the Gran Rosario, $ 100 more than Tuesday. The improvement was $ 3 for Bahía Blanca, where the value of grain went from $ 160 to $ 163. Meanwhile, for Necochea, buyers paid back 4300 pesos.

The BCBA informed that consumptions paid between 3600 and 4500 pesos per ton of dry maize, depending on the quality, provenance and method of payment

next harvest the export demand offered yesterday 164 dollars per ton for the Greater Rosary area, $ 4 more than Tuesday.

In the Matba, the September and April positions of corn added US $ 0.50 and 1.60, while its adjustments were 165.50 and 165 dollars per ton.

About soybeans, factories returned yesterday to offer 7600 pesos per ton available for the Greater Rosary area, a value that did not generate enthusiasm among sellers

In the Matba, the November and May soybean contracts resigned from $ 0.60 and $ 0.40, while their adjustments were $ 291.80 and $ 278 per tonne.