Chicago declines on news from Russia
After the holiday Monday of the Chicago grain area began the week with falling prices.
this time the players turned their attention to Russia. Record grain harvest in the country and the prospects for export growth, particularly after recently announced by the government zeroed export duties on wheat, have put pressure on the world grain markets.
this weakens and so is not too high export demand for wheat in the USA crop which was the largest in 29 years.
On the US stock exchanges quotes wheat for transactions in September fell:
- 0.83 $/tonne to 136,32 $/tones of soft wheat SRW in Chicago