The harvesting of grain in the United States puts pressure on world prices
Tuesday quotes U.S. wheat fell significantly. Thus the market reacted to information on the new crop, which was published on Monday evening.
Collection of winter wheat is at a record high pace. Now collected 76% of the grain, and very high quality. The crop is spring wheat, though, and falls short by 1 point to last year "good-excellent", but ahead of the previous season on the number of crops, which has already started earing. And there are 96% against last year's 95% and the average for five years, 81%.
the September wheat prices in the US fell:
- the soft wheat SRW in Chicago by 4.23/tone to 153,59 $/ton
- the for hard wheat HRW in Kansas city by 3.49 $/tonne to 150,83 $/ton
- the on a hard spring wheat HRS in Minneapolis by 3.67 $/ton to 179,31 $/ton.
After the previous two-day growth on Tuesday slightly decreased otrobanda French wheat. Mainly under pressure of the downward trend in Chicago. However, its effect is somewhat weakened next revision of the forecasts of the wheat crop in Germany and France.
In Paris, the MATIF milling wheat price for September transactions was down 0.75 euros/tonne to € 160,25/tone or 176,46 $/ton.