Wheat prices continued to fall

Yesterday, European stocks also reacted to the August balance USDA for wheat.

• the September wheat futures Euronext fell by 6 €/t to 204,75 €/t, however, due to the sharp fall of the Euro price in dollars dropped even more - up to 233,56 $/t

Traders take profits after the previous growth. Further pressure on prices is bad, the pace of wheat exports from the EU and the fall of the exchanges in the United States.

somewhat reassured Traders the prospect of improved wheat harvest in Ukraine and Russia, although there remain concerns about possible crop losses in the EU and Australia.

the price of wheat in the United States on Monday continued to fall. Starting Thursday September futures softin wheatth Chicago lost 13,42 $/t and fell to 2-week low.

the September wheat futures in the U.S. fell:

by 6.98 $/t to 198,69 $/t for solid winter HRW wheat in Kansas city

5.88 $/t to 217,79 $/t on a firm spring HRS wheat in Minneapolis.

• by 4.87 $/t to 196,02 $/t for SRW soft winter-wheat in Chicago

the Purchase price for wheat in Ukraine is declining after the world. On Friday signed a Memorandum according to which Ukraine in the current season, exports about 16 million tons of wheat, including 8 million tonnes of food. However, some traders stopped the purchase of wheat.

currently in port, traders offer for wheat:

protein 11,5% 205-206 $/t or 6700-6800 UAH/t,

forage 192-195 $/t or 6300-6400 UAH/t

• protein 12,5% 210-212 $/t or 6850-6900 UAH/t,