U.S. wheat continues to win back losses
In the market on Friday, us wheat was observed speculative growth, which began the day before. Players try to play many days of falling prices. Some players covered short positions before the long weekend - Monday in the USA celebrated the Labor day.
On the US stock exchanges quotes wheat for transactions in September rose:
- 1,84 $/tonne to 137,14 $/tones of soft wheat SRW in Chicago
- 2.48 $/ton to 142.01 $/tone for hard wheat HRW in Kansas city
- by 2.11 $/tonne to 182,34 $/tone for hard spring wheat HRS in Minneapolis.
The report of the American wheat Association USWA notes that chervonoarmyska quality soft winter wheat SRW is better than last year. Test weights average of 58.6 lbs/bushel, which is almost equal to the average five-year rate and substantially higher than last year's value. The protein content (in terms of moisture content 12%) below last year and average for five years is only 9.4 percent. The falling number Hagberg of very high – 330 sec. Only a small number of laboratory samples had a falling number below 300 sec.
Due to the increase in the yield and the gross yield was increased 0.3 million tons to 10.1 million tons. However, wheat production SRW remained lower than the average five-year rate.