Stock exchanges in Europe and the United States ended the week confident growth
on Friday, the U.S. wheat market showed a steady growth. The reasons for this were several.
first, the speculators were trying to play a drop in prices on Wednesday and Thursday.
secondly, the price was supported by the activation of neighboring markets of soybeans and corn.
third, weekly export sales of wheat has reached the level 825,3 thousand tone than much the upper limit of expert expectations, which amounted to 650 thousand tons.
According to the July agreements, the price of wheat in the U.S.
- the soft wheat SRW in Chicago by 3.22/tone to 154,60 $/ton
- the for hard wheat HRW in Kansas city by 3.22 $/tonne to 148,90 $/ton
- the on a hard spring wheat HRS in Minneapolis by 4.32 $/tonne to 182,89 $/ton.
Followed by the Chicago stock exchange on Friday significantly increased the market for French wheat. Support have concerns about the volumes of production of soft wheat French farmers against the background of weather troubles.
In Paris, the MATIF milling wheat price for September transactions increased by € 3.25/tonne to 159.00 Euro/tone or 175,47 $/ton.