Stock prices for wheat resumed growth
After two days of fall wheat markets resumed growth with the support of neighbouring markets of soybeans and corn in Chicago, which rose on news of the resumption of negotiations between the US and China.
- wheat Futures in Paris rose by 3.25 EUR/t to 208 €/t or 236,76 $/t
Exchange in USA warmed up the increase in exports compared to the previous week 153% to 803 thousand tonnes, which is by 26.8% more than last year.
in addition, Iraq bought 200 tonnes of us wheat at a price of 334 $/t C&F and 100 thousand tons of canadian wheat at a price of 324 $/t C&F.
to activate exports of U.S. wheat suggests that the main sellers of quality wheat in the current season will be the US and Canada. Additionally, the price supports the dollar fell to a low of 13 months.
the September wheat futures in the U.S.:
4,50 $/t to 201,17 $/t for solid winter HRW wheat in Kansas city
by 4.68 $/t to 219,08 $/t on a firm spring HRS wheat in Minneapolis.
- by 3.67 $/ton to 199,24 $/t for SRW soft winter-wheat in Chicago
In Ukraine, the export demand for wheat falls because of the uncertainty with the quality of the grain. There is information about problems with the quality of wheat in the first shipped batches.
the bid Prices for milling wheat remained at the level of 200-205 $/t or 6500-6700 UAH/t, forage wheat fell to 190-192 $/t or 6100-6200 UAH/t
Manufacturers are in no hurry to sell the harvest, as expect a further rise in wheat prices in Ukraine and on world markets due to quality problems and the devaluation of the hryvnia.
