In the speculative wheat market adjustments
Yesterday the world's wheat exchanges demonstrated a slight correction of prices after a sharp and protracted decline yesterday. After the forecast about decrease in world production and demand traders intensified speculative buying.
Favorable for the development of spring wheat weather in the United States and precipitation in Ukraine, which reduced the dry phenomenon, putting pressure on prices, which still maintains the uncertainty of the harvest in Russia. In the South of Russia started the harvesting campaign of winter wheat, so during the week will be the first data on the yield and quality of grain.
- September futures milling wheat on MATIF rose by 2 €/t to 173,75 €/t (201,03 $/t).
July futures on soft wheat in Chicago due to speculative purchases played 18.5% of pre-loss price.
the July wheat futures in the U.S.:
2.11 $/t to 179,58 $/t for solid winter HRW wheat in Kansas city
1.19 $/ton to 203,10 $/t on a firm spring HRS wheat in Minneapolis.
- 3.86 $/t to 179,40 $/t for SRW soft winter-wheat in Chicago
In Ukraine this week there has been a slump in wheat prices, which are still supports the uncertainty of quality and yield of the next harvest.
Today, in the port, traders offer for wheat:
protein 11,5% - 177 $/t or 5400-5500 UAH/t,
forage - 172 $/t or 5250-5350 UAH/t
- protein 12,5% - 180 $/t or 5600-5650 UAH/t,
