The precipitation deficit supports the price of wheat
Warm and dry weather in Europe and helps to strengthen the planting season and reduce pressure on prices, which further ensured the victory of the European wheat at a regular tender.
Jordanian operator JSSGC 18 APR purchased on tender 50 thousand tons of Romanian wheat for delivery in August at a price 224,8 $/t C&F, which is 2.3 $/t exceeds the purchase price of the previous trading session.
- May milling wheat futures on the MATIF remained at the level 164,5 €/t (202,24 $/t).
American wheat site on Wednesday once again came under pressure from speculators, who dispersed a new wave of concern regarding the fate of the winter wheat crop. Projected in the near future precipitation in the regions of its cultivation are as plentiful as promised by the weatherman, so the chances of improving the condition of the crops at the stage of ripening too small.
In Chicago, the may wheat futures rose to one-week maximum.
the May futures for U.S. wheat has increased:
by 3.03 $/t to 179,58 $/t for solid winter HRW wheat in Kansas city
2.02 $/t to 227,07 $/t on a firm spring HRS wheat in Minneapolis.
- 3.31 $/t to 174,62 $/t for SRW soft winter-wheat in Chicago