Stock prices for wheat continue to grow
As of July 16 France gathered 64% of soft wheat. Recent data confirm previous predictions about the decline of productivity. Traders are watching the grain harvest in the North of Europe, which suffered from drought.
Through the pessimistic forecasts of the crop September futures French wheat rose to a year high and the dollar price reached another peak in the strong Euro.
- September futures milling wheat on MATIF rose by 3.25 €/t to 191,25 €/t or 224,25 $/etc
In Chicago September futures wheat reached a month high. In addition to the speculative component of prices supports all big confidence issues with the new harvest in the EU and the black sea.
wheat Exports from the US is still by 26.55 inferior to last year, but traders hope that it will intensify soon due to the reduction of the harvest in Russia, which is the main competitor. The increase in interest in the American grain is confirmed by export sales, which for the week rose by 52% to 434,6 thousand tons.
the September wheat futures in the U.S.:
4,41 $/t to 186,84 $/t for solid winter HRW wheat in Kansas city
of 6.70 $/t to 203,92 $/t on a firm spring HRS wheat in Minneapolis.
- by 4.31 $/t to 189,59 $/t for SRW soft winter-wheat in Chicago