Quotes European wheat reached a three-year high
Tuesday quotes European wheat reached a three-year high on information because of the heat and drought, the gross harvest of soft wheat in the EU will decrease to 130 million tonnes, down from 142 million tonnes in 2017.
Additionally warmed up the market news on the intentions of the administration to allocate trump American farmers $ 12 billion to mitigate the impact of the trade wars and the victory of Romanian wheat in the Egyptian tender.
- September futures milling wheat on MATIF rose 2.5 €/t to 195,5 €/t or 228,38 $/t
At a time when the European market stormed to new highs on the stock exchange in Chicago the second day of continuing speculative sales after the previous growth on Friday prices to a maximum of 6 months.
September futures for wheat in the U.S. declined:
0.37 $/t to 187,30 $/t for solid winter HRW wheat in Kansas city
by 2.66 $/t to 203,83 $/t on a firm spring HRS wheat in Minneapolis.
- 1.29 $/t to 187,48 $/t for SRW soft winter-wheat in Chicago
In Ukraine the price of wheat continues to increase as a result of rain which delayed the harvest, and thanks to the victory of Ukrainian wheat in a tender in Egypt.