In Europe, prices for wheat grow, and in Chicago investors have fixed profit

2018-05-03 12:14:20
Machine translation
In Europe, prices for wheat grow, and in Chicago investors have fixed profit

Following the rapid rise in wheat prices in the United States, the European wheat has also continued to rise. Rates supported by the depreciation of the Euro against the dollar to 1,1985.

 

  • On may futures MATIF milling wheat rose by 2.75 €/t to 171 €/t (204,96 $/t), while September futures for wheat of the new crop trading at 174,75 €/t

 

Chicago investors took profit after prices reach a 10-month high.

 

Wheat quotes in Kansas city grow on information from the USDA about reducing the yield of HRW wheat in some parts of the growing States of Kansas and Oklahoma by 10%, and in some regions with severe drought – by 50% compared to last year.

 

For the slow pace of planting is expensive hard spring wheat in Minneapolis.

 

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

1.29 $/t to 196,85 $/ton rose solid winter HRW wheat in Kansas city

1.29 $/t to 231,76 $/ton rose solid spring HRS wheat in Minneapolis.

  • 1.47 $/t to 193,18/ $/t fell winter SRW soft wheat in Chicago

 

In Russia, the pace of planting is lagging behind last year's 57%. As of April 28 spring wheat sown at 2.9% of the planned areas or 374,7 thousand hectares against 589,6 million hectares in 2017.

 

Last year's record gross grain harvest in Russia was provided a large harvest of spring wheat. Delayed sowing in the current season, high temperatures in the absence of precipitation during the planting season can reduce the yield of spring wheat.

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