European exchange is not supported chikashige growth
for the First time in recent days the European wheat market is not supported by trends in the stock exchange in Chicago. On Tuesday Paris quotes a weak response to another wave of speculative growth of the U.S. wheat market. Internal fundamental factors, namely the prospects for a good future harvest, was stronger.
Additional pressure on the quotes carries on the strengthening of the Euro against the U.S. currency.
quotations May milling wheat on the Paris MATIF fell by 10.75 euros/tonne to € 151,50/tone or 171,31 $/ton.