On the eve of holidays wheat prices in the US and the EU are moving in different directions

2017-04-14 12:10:25
Machine translation
On the eve of holidays wheat prices in the US and the EU are moving in different directions

Trading on wheat ground in Chicago on Thursday ended with a minus.

 

Traders expect the winter crops of plants will improve after rain, who recently passed over parts of the U.S. Plains, where wheat. Perhaps USDA will celebrate it at the nearest monitor. Besides, weather forecasters predict continued rain.

 

has Played a role of the speculative factor. On the eve of the three-day Easter holidays investors played at lower prices.

 

the May futures for U.S. wheat fell:

  • 1.29 $/tonne to 157,90 $/tones for winter SRW soft wheat in Chicago

 

However, the trading week in Paris ended with the increase of wheat prices.

 

against the background of predictions about the improvement of the export prospects for French grain investors stepped up buying. In addition, market participants hope that it will soon increase the import of wheat Morocco and some Asian countries.

 

Supported rates concern for the state of the future harvest, caused by too warm weather with insufficient rainfall, which prevails now over the EU.

 

May milling wheat quotations on the MATIF rose by € 1/t to 165,75 Euro/ton or 176,18 $/t