On the US stock exchanges recorded another speculative growth

2016-11-01 12:09:03
Machine translation
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

the Price of Ukrainian wheat in the early fall after exporters bought the necessary volumes. Now, there is a reduction in export demand for black sea wheat from key importers.

 

Today on the basis of CPT-port buyers offer:

 

In Paris on the exchange MATIF wheat rose 1.25 euros/ton to 165,75 Euro/ton or 181,73 $/ton due to the increase in corn prices.

 

Visitors’ comments (0):