Wheat prices are rising on preliminary data on harvest

Preliminary data on the yield and quality of wheat, the collection of which continues in the main producing countries, forcing the market to adjust prices, since the beginning of the season remained at a low level.

next week, dry and warm weather in parts of the U.S. Plains will accelerate the harvesting of winter wheat. At the same time heat in the corn belt of the United States puts pressure on prices of corn and soybeans.

the price of wheat in the US on Friday has grown with the support of a new report USDA and neighbouring markets of corn and soybeans.

the September wheat futures in the U.S. rose in price:

2.11 $/t to 171,68 $/t for solid winter HRW wheat in Kansas city

0.55 $/t to 199,42 $/t on a firm spring HRS wheat in Minneapolis.

• 0.55 $/t to 192,17 $/t for SRW soft winter-wheat in Chicago

the Market for French wheat on Friday also grew up on the report data USDA. The number of winter wheat crops in France that are in good or excellent condition decreased by 2% to 73%.

• September futures for milling wheat on MATIF rose by 1.5 €/t to 178,25 €/t or 201,09 $/t.

Prices for black sea wheat are actively growing with the decline in global wheat production, in particular in Russia by 4 million tons due to lower yields.

As of July 12, Russia produced 26.8 million tonnes of wheat with a yield of 3.79 t/ha compared with 3.9 t/ha in the past MG. Due to the hot weather 80% of the winter wheat contain the 12.5-14% protein.

during the week the price of black sea wheat with protein of 12.5% increased by 3 $/t to 194-195 $/t FOB, with protein 11.5% - up to 189 $/t and fodder to 182 $/MT FOB.