The price of wheat increased by 1-2,5%, despite an increase in supply
Contrary to the predictions of increasing sentences, and reducing wheat quotations closer to harvesting corn, yesterday the price of wheat rapidly growing, especially in the United States.
rumors of a possible purchase of Chinese wheat importers wheat futures on CBOT grew by 2.5% to 5-month high. According to USDA, as of August 25 spring wheat, collected in 69% of areas compared with 77% on average for 5 years at that date.
the Market for U.S. wheat supports the decline of the dollar and the deterioration of crop prospects in Argentina because of the shortage of precipitation.
the September wheat futures in the U.S.:
the
to 4.78 $/t to 177,65 $/t for solid winter HRW wheat in Kansas city
2.48 $/t to 192,99 $/t on a firm spring HRS wheat in Minneapolis.
- 4.23 $/t to 204,20 $/t for SRW soft winter-wheat in Chicago
After Chicago, European wheat has also risen.
the
- September futures milling wheat on MATIF rose by 2.25 €/ton to 190 €/t or 226,12 $/ton, and December for 2 €/t to 187,5 €/t or 223,1 $/t
with increasing suggestions of the European wheat prices on the physical markets fall. According Agrisensus, Romanian and Bulgarian wheat offered at 207-209,5 $/t FOB, but the demand is almost absent. Baltic milling wheat with protein 12,5% offer for 210 $/MT FOB, while buyers are willing to pay 205 $/t FOB. France offers milling wheat with protein 11.5% 228-230 $/t FOB, however, she also not demand.
the
- September futures on the black sea wheat yesterday rose 0.9 percent to 216 $/ton, and December – 1.6% up to 227 $/t
In Ukraine, purchasing prices for wheat on the background of rising export prices demand and strengthen the dollar rose in the port by 50-100 UAH/t to 6350-6450 UAH/t or 197-198 $/t milling wheat with protein 11.5% of the offer 210-213 $/MT FOB, while demand increased by 2-3 $/t to 207-208 $/t FOB.
