Activity in the wheat market grows
Rains this weekend and Monday for the grain regions of the United States, did not inspire optimism to the traders who are under the impression from the report about the deterioration of spring wheat to the lowest level since 1998 yesterday dispersed prices by 2.9%. This increase in prices the July contract for spring wheat, the largest since January 2015.
The growth of prices of spring wheat induced the increase in the July quotes of the American wheat:
- soft wheat SRW in Chicago for $4,04 to 163,51 $/
- hard wheat HRW in Kansas city for $5,24 to 167,92 $/
- hard spring wheat HRS in Minneapolis by $10,10 to 230,75 $/ton.
On Euronext prices for European wheat. Rose 1.5 euros to 169,75 Euro/ton with the support of Chicago.
Major importers continue to buy wheat from the new harvest.
Saudi Arabia bought 805 000 tons of hard wheat, protein 12.5% of delivery August September international traders at prices 212-222 $/t on the basis of C&F
Yesterday, Egypt bought in a tender 300 thousand tons of wheat at a price 205.57 - 206.88 basis C&F. a Large part of Russian wheat and one cargo of Ukrainian and Romanian.
Today, the State's Department of grain Tunisia will hold a tender for the purchase of 92 thousand tons of soft wheat and 25 thousand tons of feed barley.