On exchanges is speculative adjustments in wheat prices
on Wednesday, a four-day growth of the market of French wheat ended, since the factor of the weather in the US has lost influence.
Russia is actively sowing of spring wheat, which is now planted 88.9 percent, or 10.8 million hectares, compared with 8 million hectares in 2018. Favorable weather conditions allow the experts to increase forecast production to record levels.
- September futures for milling wheat on MATIF at the beginning of the session rose to the highest since January 9, the level of 190 €/t, but at the end of trading fell by 0.5 €/t to 184,25 €/t or 205,23 $/t
According to a new USDA monitoring, quality indicators of winter wheat in the U.S. declined more than expected. This information is the July futures on soft wheat in Chicago rose to the highest since February 13 level 191,7 $/t. But then the speculators began to take profits, and the market turned down.
the July wheat futures in the U.S. fell:
by 2.75 $/ton to 166,54 $/t for solid winter HRW wheat in Kansas city
by 3.21 $/t to 201,63 $/t on a firm spring HRS wheat in Minneapolis.
- by 5.24 $/t to 180,22 $/t for SRW soft winter-wheat in Chicago
Followed global stock exchanges in Ukraine, wheat prices also rose 4-5 $/t Today in the port for wheat offer:
protein 11,5% - 170 $/t,
forage - 160-163 $/t
- protein 12,5% - 170-173 $/t,