Wheat prices remain stable

Trading on the French exchange on Monday was supported by the low exchange rate of the Euro, the growth of quotations in Chicago and the railway strike in France, but the market remains under pressure of fundamental factors: good condition of winter wheat crops in the EU and the intentions of the government of Morocco, which is the main importer of French wheat to introduce import duties on grain.

• May milling wheat futures on the MATIF remained at 163 €/t (200,39 $/t).

wheat On the American platforms on Monday were counted and the geography of precipitation that weekend. Crop monitoring showed improvement of crop soft red wheat 5%, and the deterioration of the crops of hard red wheat 3%.

Spring wheat sown in the United States only 3% of the area against the average of 25% on that date.

Futures soft winter wheat in Chicago during the auction, slightly more expensive, but at the end of the session, the speculators played on the slide. Spring wheat in Minneapolis fell due to improved weather conditions.

the May futures for U.S. wheat had the following dynamics:

of $0.18/t to 177,56 $/ton rose solid winter HRW wheat in Kansas city

4,41 $/t to 216,05 $/t fell hard spring HRS wheat in Minneapolis.

• 0,64 $/t to 169,57 $/t fell winter SRW soft wheat in Chicago

In Ukraine the price of wheat of the new crop remain at the level of 170-180 $/ton for August deliveries, but manufacturers are in no hurry to conclude agreements and expect further growth of prices to the level of prices for grain of an old crop, which is offered in the port 185-190 $/t