On the US stock exchanges recorded another speculative growth
on Monday in the American wheat market experienced a speculative growth of quotations. Investors after a fall in prices on Friday have begun to cover short positions.
the Exchange's growth goes against fundamental factors. The condition of winter wheat remained significantly better than last year. Besides weather forecasters promise within the next few days are favorable for wheat regions of the United States precipitation. Harvesting corn for a long time behind schedule the previous year, finally caught up with him.
Among the leaders in price growth were Chicago, further worsening export prospects of wheat. In the current season the volume of export sales of wheat SRW 36% less than last year.
Prices of December wheat futures U.S.
- 2.85 $/tonne to 152,94 $/tones of soft wheat SRW in Chicago
- 1.29 $/tonne to 152,39 $/tone for hard wheat HRW in Kansas city
- wheat 2 KL 154-158 $/ton or 4650-4700 UAH/ton,
- wheat 3 CL 152-154 $/ton or 4600-4650 UAH/ton,