High-protein spring wheat continues to rise
on Tuesday trading on the grain exchanges of the USA ended mixed.
In Minneapolis continues to rise hard spring wheat, which is attractive to investors because not too high the gross yield on the background of problems with the quality of hard winter wheat.
In Kansas city hard winter wheat is still in a bearish trend.
In Chicago soft wheat remained neutral. It was supported by the neighboring corn market rose amid poor rate of harvest. An additional factor was lagging behind the pace of sowing winter wheat in the current season than in previous years and expectations. The latter stipulated that on October 2 in the USA will be getting 47% of the area, but actually turned out to be littered with 43%.
December quotes of the American wheat on October 4, had the following trend:
- soft wheat SRW in Chicago remained at the level of 145,32 $/ton
- 1.46 $/tonne to 148,07 $/ton fell hard wheat HRW in Kansas city
- 2.22 $/tonne to 191,89 $/ton rose hard spring wheat HRS in Minneapolis.
the Price of high protein wheat Ukraine also increased by 2-3 $/ton. Traders are willing to pay 149-150 $/t on conditions CPT-port.