The approach of the USDA report was interrupted by the growth of prices in Chicago
In the environment of soft wheat in Chicago traded in the black. News from Australia, where severe weather conditions may cause considerable damage to the new crop, added to investor optimism. Exporters of American grain hope to discover the Asian markets. Supported the stock market and the desire of the Russian President to suspend the increase of grain exports.
However, at the end of trading, investors are reminded of the USDA report on quarterly grain stocks, which will be released on Friday. "The bear" character a few lowered prices in Chicago.
the December quotations of wheat in the United States 28.09.16 had the following dynamics:
- 0.28 $/tonne to 148,17 $/ton fell soft wheat SRW in Chicago
- by 2.11 $/tonne to 186,84 $/ton rose hard spring wheat HRS in Minneapolis.
On the European grain market activity is not observed. On the one hand presses the drop in sales for the low price, and with another – weak demand, as buyers give preference to wheat from Eastern Europe and the black sea.
Price of wheat on MATIF fell to 161 Euro/tone or 180,61 $/ton.