The wheat market in anticipation of balances of production

the wheat Market continues to search for the best prices, but traders require data on world production of grain. They will be published in the USDA report on Thursday.

on Monday, after 5-day fall, the prices of wheat futures in Chicago finally went up. Traders carried out speculative sales amid strengthening markets of corn and soybeans and the forecast reduction in wheat production in the United States, primarily due to the fall collection of spring wheat and durum.

the September wheat futures in the U.S.

• soft wheat SRW in Chicago by 3.22 $/t to 170.3 $/t,
• for hard wheat HRW in Kansas city by 2.66 $/t to 171,50 $/t,
• on a hard spring wheat HRS in Minneapolis by 3.77 $/t to 266,94 $/t

Exchange the positions of the French wheat continued to weaken on Monday. A major factor in lowering prices was the increase in forecast wheat production in France from 36.2 to 36.8 million tons, compared to 27.6 million tons in 2016.

According to information from Germany, considerable precipitation during harvest did not affect yield, and the country harvested 25.4 million tonnes of wheat, but the proportion of coarse grains will grow from the middle 20% to 40%.

Strong Euro, which after a small decline at the end of last week has once again started to grow, continues to put pressure on European prices of wheat.

• September quotes milling wheat in Paris at the MATIF fell by 1.25 €/t to 162.00 €/t (190,90 $/t).

Forecast a good harvest of wheat in Russia began to put pressure on export prices of Russian wheat that grew on the background of global trends and strong demand from Egypt and Turkey.

the Price of Russian wheat with protein content of 12.5% in the black sea ports with delivery in August for the week decreased by $2/t to 194 $/MT FOB - according to the Agency ICAR. The price of wheat with a protein of 11.5% fell $4/t to 179 $/t FOB.