On world grain markets continue downward trend
on Monday at the wheat exchanges in the U.S. and Europe continued falling prices. Weekends were more powerful than expected precipitation. They will continue on Wednesday and Thursday in the corn belt of the USA, while reducing the air temperature.p>
Traders realize that the losses from the drought is already included in the price of wheat, therefore a factor for growth can be unfavorable conditions for soybean and corn.
September quotes of the American wheat have decreased:
- 3.86 $/t to 179,58 $/t for SRW soft winter-wheat in Chicago
In Ukraine, wheat prices continue to rise, despite the global trend of strengthening of the hryvnia against the dollar to 25.8 UAH/$. Traders are trying to attract volumes of wheat for the execution of transactions, because they understand that the price of food wheat in the port is unlikely to fall below 170 $/ton.