The quarterly USDA report increased wheat prices in the United States

2017-04-03 12:09:10
Machine translation
The quarterly USDA report increased wheat prices in the United States

on Friday after the publication of the quarterly USDA report stock quotes of the American wheat went up.

 

According to experts, the USDA, the planted areas of wheat for harvest in 2017 will be the lowest since 1919. However, the market was ready for this news, so almost did not react to it.

 

wheat Stocks in the U.S. experts estimated at 1,655 billion bushels, exceeding market expectations 1,627 billion bushels.

 

the May futures for U.S. wheat rose

  • 2.02 $/tonne to 156,71 $/tones for winter SRW soft wheat in Chicago
  • 1.19 $/ton to 154,50 $/ton for solid winter HRW wheat in Kansas city.

In Minneapolis has fallen in price on 3,40 $/tonne to 196,30 $/t hard spring wheat HRS.