On US exchanges speculative growth of wheat futures
Wednesday' trading at all grain platforms USA ended rising wheat prices. It was purely speculative, as players tried to win back a significant weekly drop. Thus, soft wheat in Chicago has depreciated by 10.2 $/ton. The fundamental factors influencing the market, are still a purely bearish.
Commission commodity futures trading recorded in Chicago, the 3rd in the history of record buying wheat contracts by non-commercial investors.
wheat prices in the U.S. according to the September agreements rose:
- soft wheat SRW in Chicago by 3.31 $/ton to 150.74 $/ton
- for hard wheat HRW in Kansas city by 2.11 $/tonne to 151,47 $/ton
- on a hard spring wheat HRS in Minneapolis on 2,20 $/tonne to 180,96 $/ton.
On the French stock exchange, the price of wheat remains stable.
quality control of wheat in France has shown that there are two areas in which the quality characteristics of wheat differ significantly from one another.
The wheat of the Western regions high test weights and protein content. Its quality meets the requirements of the importers, therefore, grain exports through the Atlantic ports this season may be lower than usual. Wheat in regions which are located near the main export port of Rouen, has a more uneven quality.
Unprecedented call quality wheat from North-Eastern regions. It has a low test weight and an unusually high protein content. Such news in the near future can significantly affect the price of European wheat.