Wheat: Russian export prices continue to rise

The Russian export prices for wheat have risen in the past week against the backdrop of a solid global market--for the ninth time in a row.
US wheat prices have today reached an 11-day high tomorrow in a rally which has been ongoing since three weeks, because the acreage in the United States has been restricted and dry weather drives the managers of the funds from their wheat short positions.
Russian Black Sea wheat with 12.5% protein for export in November cost fob on Friday 183 USD/tonne. These were two $/ tons more than in the previous week.
14.8 million tonnes since July 1 until November 16th, 2016 were exported from Russia grain; It was 11.7 million tons of wheat. Was the grain exports increased 4.6% compared to the previous year.
Local wheat of class III in the European part of Russia with 10.725 rubles per tonne from court cost 150 rubles more than in the previous week.

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