Stock rally in Europe and the United States continues
In Monday trading on the French stock exchange ended with the rise of quotes to the highest since January of the current year level.
the Main driving factors are bad weather caused by a loss of yield and quality of wheat of the next harvest. The scale of the losses has not yet been assessed, but to avoid them will not succeed. The bad weather has done damage not only in France. Certain losses in Germany, there is concern about the quality of the wheat crop in some regions of Ukraine and Russia.
On the physical market wheat prices of the 2015 harvest continue to grow due to high export demand, which is unusual for the period, the end of the season.
At the Paris MATIF milling wheat quotations on the September agreements increased by 2.00 euros/tonne to 171,25 Euro/tone or 194,43 $/ton.
Thanks to the European exchanges continue to grow the wheat prices at U.S. grain markets.
the Price of wheat on the July agreements rose again:
- the in Chicago at 2.30 $/tonne to 186,47 $/tones of soft wheat SRW,
- the in Kansas city is 1.93 $/tonne to 176,83 $/tone for hard wheat HRW,
- the in Minneapolis by 2.48 $/tonne to 200,71 $/tones hard wheat HRS.