Hopes for the intensification of export heat wheat market in Chicago
At the end of trading Wednesday quotes of the nearest futures now, December wheat in Chicago rose, primarily due to speculative factors.
market Players hope for a revitalization of the export demand for wheat from the U.S. after the reduction of the forecast exports of French grains. Despite the expectations of experts regarding the weekly export sales remain at a relatively low level of 350-550 thousand tons.
December wheat prices increased
- 0.74 $/tonne to 148,07 $/tones of soft wheat SRW in Chicago
Agency Franceagrimer reduced the forecast of gross yield of wheat in France until 28,473 million tons, which is 30.3% less than last year. Exports will decrease by 43.4% and amount to no more than 11,905 million.