Poor quality wheat in the United States supports the Chicago stock exchange
In Friday's USDA report lowered the production forecast for U.S.spring wheat by 6.5%. From now on, and the USA entered the list of producing countries that in the current season faced with the problem of shortage of high protein wheat. American spring wheat in large quantity buys Japan, Philippines and Taiwan.
a Significant part of the harvest of hard winter wheat in the United States this season has a protein content below srednestan performance.
reduction in the production of spring wheat on the background of the active demand has led to growth of quotations on stock exchanges in Chicago and Minneapolis.
December quotes of the American wheat at 30 September:
- at 1.10 $/tonne to 147,71 $/ton rose soft wheat SRW in Chicago
- 0.64 $/ton to 152,67 $/ton fell hard wheat HRW in Kansas city
- 1.75 $/tonne to 189,04 $/ton rose hard spring wheat HRS in Minneapolis