Exchange wheat prices continue to decline
Under the pressure of further decline of quotations for wheat in Chicago, on Monday, the French wheat market fell to 2-week low.
Promised by meteorologists for next week is warm and dry weather in Western Europe will improve conditions for sowing spring crops and eliminate the concern about the fate of winter crops.
- May futures milling wheat on MATIF fell by €1/t to 163,75 €/t (201,32 $/t).
In the United States driver of falling prices has become hard winter wheat in Kansas, as in the regions of its cultivation in the near future will be heavy rainfall, which can improve the condition of crops.
during the 4-day fall the soft wheat futures in Chicago lost only 10.7 $/t
the May futures for U.S. wheat fell:
by 6.52 $/t to 175,63 $/t for solid winter HRW wheat in Kansas city
3.77 $/t to 222,94 $/t on a firm spring HRS wheat in Minneapolis.
- 3.77 $/ton to of 169.85 $/ton, SRW soft winter-wheat in Chicago
Monitoring of crops USDA showed that as of April 15 in good or excellent condition are 31% of the winter wheat, which is 1% higher than it was last week, but 23% lower than in the corresponding period in 2017.
In the earing phase shifted 9% of crops of winter wheat, whereas a year ago the figure was 18%, and on average over 5 years – 10%.
Spring wheat planted 3% of the area compared to 12% a year ago and 15% on average for 5 years.