Wheat in Chicago falls under pressure from neighboring markets
2016-09-16 12:08:09
Machine translation
on Thursday, the U.S. wheat market resumed its decline. Mainly under pressure from the neighboring corn market. There is a drop in prices resulted in very poor results export week that failed to reach the lower boundary of the expectations of experts.
the Export achievement of US wheat although was within the calculations of experts, however, were significantly lower than a week ago, and the average for the month.
December wheat prices declined:
- 1.29 $/tonne to 146,79 $/tones of soft wheat SRW in Chicago
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Export soft wheat relative to the previous forecast reduced 1 million tons to 23.7 million tons.
Estimate of the corn crop is reduced by 1.3 million tons to 59.3 million tons.
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Wheat in Chicago falls under pressure from neighboring markets